Finland: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Finland

The Finnish agricultural harvester market contracted slightly to $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Agricultural harvester consumption peaked at $X in 2021, and then fell modestly in the following year.

Agricultural Harvester Production in Finland

In value terms, agricultural harvester production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Agricultural harvester production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Agricultural Harvester Exports

Exports from Finland

In 2022, overseas shipments of agricultural harvesters were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, agricultural harvester exports surged to $X in 2022. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for agricultural harvester exports from Finland, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Norway exceeded the volume sent to the second major destination, Estonia (X units), sixfold. The third position in this ranking was taken by Sweden (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, the largest markets for agricultural harvester exported from Finland were Norway ($X), Sweden ($X) and Germany ($X), together accounting for X% of total exports. The United States, the Czech Republic, Estonia, Poland, Russia and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural harvester export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

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 Czech Republic ($X per unit), while the average price for exports to Norway ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Finland

In 2022, supplies from abroad of agricultural harvesters decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports plummeted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Germany (X units), Italy (X units) and Belgium (X units) were the main suppliers of agricultural harvester imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of agricultural harvesters to Finland, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural harvester import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then shrank notably in the following year.

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

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

Source: IndexBox Platform

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