Finland: Engine Generator Market 2024

Engine Generator Market Size in Finland

The Finnish engine generator market contracted sharply to $X in 2022, falling by -26.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Engine Generator Exports

Exports from Finland

In 2022, overseas shipments of generators for internal combustion engines were finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, saw a noticeable curtailment. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports surged to $X in 2022. In general, exports, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2013 with an increase of 22%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units), Estonia (X units) and the Netherlands (X units) were the main destinations of engine generator exports from Finland, with a combined 54% share of total exports. Belgium, the United States, Belarus, Denmark, Germany, Brazil, Latvia, France, Uzbekistan and Norway lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +116.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and the Netherlands ($X) constituted the largest markets for engine generator exported from Finland worldwide, with a combined 54% share of total exports. Belgium, the United States, Belarus, Denmark, Germany, Brazil, Latvia, France, Uzbekistan and Norway lagged somewhat behind, together accounting for a further 39%.

Uzbekistan, with a CAGR of +105.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average engine generator export price amounted to $X per unit, falling by -22.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per unit, and then shrank notably in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Brazil ($X per unit), while the average price for exports to Norway ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Finland

In 2022, approx. X units of generators for internal combustion engines were imported into Finland; which is down by -30.2% against the year before. Overall, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, engine generator imports declined markedly to $X in 2022. Over the period under review, imports showed a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 27%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of engine generator to Finland, with a 34% share of total imports. Moreover, engine generator imports from France exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was held by Poland (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-6.1% per year) and Poland (+34.0% per year).

In value terms, France ($X) constituted the largest supplier of generators for internal combustion engines to Finland, comprising 34% of total imports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-4.5% per year) and Poland (+36.3% per year).

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Slovenia ($X per unit) and Belgium ($X per unit), while the price for Slovakia ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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