Finland: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Finland

In 2022, the Finnish fork-lift truck market decreased by -6.9% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Fork-lift truck consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Fork-Lift Truck Production in Finland

In value terms, fork-lift truck production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The growth pace was the most rapid in 2014 when the production volume increased by 109%. Fork-lift truck production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fork-Lift Truck Exports

Exports from Finland

Fork-lift truck exports from Finland expanded remarkably to X units in 2022, increasing by 8.4% compared with the previous year's figure. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fork-lift truck exports soared to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for fork-lift truck exports from Finland, accounting for a 64% share of total exports. Moreover, fork-lift truck exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), sevenfold. The third position in this ranking was held by France (X units), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.4% per year) and France (-0.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for fork-lift trucks exports from Finland, comprising 55% of total exports. The second position in the ranking was held by Italy ($X), with a 16% share of total exports. It was followed by France, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+25.1% per year) and France (-0.1% per year).

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 when the average export price increased by 25%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into Finland

In 2022, fork-lift truck imports into Finland rose to X units, increasing by 2.8% compared with 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fork-lift truck imports reduced modestly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Sweden (X units) and Vietnam (X units) were the main suppliers of fork-lift truck imports to Finland, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +116.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Italy ($X) were the largest fork-lift truck suppliers to Finland, with a combined 58% share of total imports. France, the UK, China, the Netherlands, Denmark and Vietnam lagged somewhat behind, together accounting for a further 24%.

Vietnam, with a CAGR of +130.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fork-lift truck import price amounted to $X per unit, which is down by -6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+163.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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