Report Update Jan 1, 2025

Finland - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Finland

The Finnish motor vehicle engine market soared to $X in 2021, picking up by 34% 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). In general, consumption continues to indicate a significant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Motor Vehicle Engine Exports

Exports from Finland

In 2021, approx. X tons of motor vehicle engines (spark-ignition) were exported from Finland; which is down by -3.8% compared with 2020. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 69%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, motor vehicle engine exports shrank significantly to $X in 2021. In general, exports, however, posted pronounced growth. The pace of growth was the most pronounced in 2015 with an increase of 392% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X tons), Ghana (X tons) and Cameroon (X tons) were the main destinations of motor vehicle engine exports from Finland, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +99.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Cameroon ($X) appeared to be the largest markets for motor vehicle engine exported from Finland worldwide, together accounting for 34% of total exports. Iraq, Togo and Congo lagged somewhat behind, together accounting for a further 4.7%.

Togo, with a CAGR of +50.0%, 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 motor vehicle engine export price stood at $X per ton in 2021, with a decrease of -33.6% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 219%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ghana ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Vehicle Engine Imports

Imports into Finland

Motor vehicle engine imports into Finland skyrocketed to X tons in 2021, with an increase of 28% against the previous year. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 141%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, motor vehicle engine imports skyrocketed to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 185% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest motor vehicle engine supplier to Finland, accounting for a 87% share of total imports. Moreover, motor vehicle engine imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +67.2%.

In value terms, Germany ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Finland, comprising 85% of total imports. The second position in the ranking was held by Austria ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +76.0%.

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, growing by 2.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine consumption in 2020 were China, Japan and the United States, together accounting for 41% of global consumption. These countries were followed by India, Mexico, Indonesia, Brazil, Russia, Italy, Turkey, Canada, South Korea and France, which together accounted for a further 34%.

What are the largest producers of motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine production in 2020 were China, Japan and the United States, with a combined 42% share of global production. These countries were followed by India, Mexico, Indonesia, Brazil, France, South Korea, Poland, Italy, the UK and Hungary, which together accounted for a further 36%.

What are the leading suppliers of motor vehicle engines (spark-ignition) to Finland?

In value terms, Germany constituted the largest supplier of motor vehicle engine to Finland, comprising 84% of total imports. The second position in the ranking was occupied by Austria, with a 14% share of total imports.

What are the leading importers of motor vehicle engines (spark-ignition) from Finland?

In value terms, the largest markets for motor vehicle engine exported from Finland were Nigeria, Cameroon and Ghana, together comprising 20% of total exports. Congo, Democratic Republic of the Congo, the United Arab Emirates and Togo lagged somewhat behind, together comprising a further 8.1%.

What is the average export price for motor vehicle engines (spark-ignition) in Finland?

In 2020, the average motor vehicle engine export price amounted to $3,811 per ton, declining by -68.1% against the previous year.

What is the average import price for motor vehicle engines (spark-ignition) in Finland?

In 2020, the average motor vehicle engine import price amounted to $25,070 per ton, jumping by 25% against the previous year.

This report provides an in-depth analysis of the motor vehicle engine market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024