Finland: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Finland

The Finnish snow motor vehicle market surged to $X in 2022, growing by 64% against the previous year. Overall, consumption saw a strong increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Snow Motor Vehicle Production in Finland

In value terms, snow motor vehicle production expanded notably to $X in 2022 estimated in export price. In general, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Snow Motor Vehicle Exports

Exports from Finland

In 2022, shipments abroad of motor vehicles for travelling on snow or golf cars increased by 62% to X units, rising for the second year in a row after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +111.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle exports skyrocketed to $X in 2022. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +102.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units), Sweden (X units) and Norway (X units) were the main destinations of snow motor vehicle exports from Finland, together comprising 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +9.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Canada ($X) and Norway ($X) constituted the largest markets for snow motor vehicle exported from Finland worldwide, together accounting for 83% of total exports.

Among the main countries of destination, Norway, with a CAGR of +11.1%, 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 snow motor vehicle export price stood at $X per unit in 2022, reducing by -3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Canada ($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 (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Finland

In 2022, after four years of decline, there was significant growth in overseas purchases of motor vehicles for travelling on snow or golf cars, when their volume increased by 51% to X units. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Canada (X units) were the main suppliers of snow motor vehicle imports to Finland, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Finland, comprising 74% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports. It was followed by Sweden, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-19.6% per year) and Sweden (+14.2% per year).

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, with an increase of 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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