Finland: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Finland

The Finnish mounting lifting equipment market skyrocketed to $X in 2021, picking up by 45% against the previous year. In general, consumption enjoyed a resilient expansion. Mounting lifting equipment consumption peaked in 2021 and is expected to retain growth in the near future.

Mounting Lifting Equipment Production in Finland

In value terms, mounting lifting equipment production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 20%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Mounting Lifting Equipment Exports

Exports from Finland

In 2021, shipments abroad of lifting equipment designed for mounting on road vehicles was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 85%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, mounting lifting equipment exports soared to $X in 2021. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 93%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Sweden (X units) and Israel (X units) were the main destinations of mounting lifting equipment exports from Finland, together accounting for 33% of total exports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +144.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounting lifting equipment exported from Finland were Germany ($X), Austria ($X) and Sweden ($X), with a combined 39% share of total exports. France, Russia, the UK, the Czech Republic, Poland, Norway, Canada, Belgium, the United States and Israel lagged somewhat behind, together comprising a further 40%.

Israel, with a CAGR of +117.2%, 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

The average mounting lifting equipment export price stood at $X per unit in 2021, increasing by 7.3% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounting lifting equipment export price increased by +58.4% against 2013 indices. The growth pace was the most rapid in 2019 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Finland

Mounting lifting equipment imports into Finland surged to X units in 2021, jumping by 21% compared with the previous year's figure. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.6% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 29%. Over the period under review, imports attained the peak figure at X units in 2019; afterwards, it flattened through to 2021.

In value terms, mounting lifting equipment imports surged to $X in 2021. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Sweden (X units) and Estonia (X units) were the main suppliers of mounting lifting equipment imports to Finland, with a combined 62% share of total imports. Austria, Poland, Denmark, Slovakia, Germany and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +21.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and Sweden ($X) appeared to be the largest mounting lifting equipment suppliers to Finland, together comprising 73% of total imports. Poland, Denmark, Estonia, Slovakia, Belgium and Germany lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Poland, with a CAGR of +34.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average mounting lifting equipment import price amounted to $X per unit, increasing by 5.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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