Finland: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Finland

The Finnish market for motorcycles and cycles with an auxiliary motor soared to $X in 2021, jumping by 61% against the previous year. In general, consumption, however, saw a perceptible setback. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in Finland

In value terms, production of motorcycles and cycles with an auxiliary motor soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 555%. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Finland

After two years of growth, overseas shipments of motorcycles and cycles with an auxiliary motor decreased by -64.6% to X units in 2021. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 64% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor shrank significantly to $X in 2021. Overall, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 31% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Lithuania (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Finland, with a 50% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Lithuania exceeded the volume sent to the second major destination, Sweden (X units), twofold. Estonia (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lithuania stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+6.4% per year) and Estonia (+24.6% per year).

In value terms, the largest markets for motorcycles and cycles with an auxiliary motor exported from Finland were Sweden ($X), Lithuania ($X) and Estonia ($X), with a combined 85% share of total exports.

Estonia, with a CAGR of +21.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, growing by 33% against the previous year. Overall, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 77% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Lithuania ($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 Poland (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Finland

In 2021, the amount of motorcycles and cycles with an auxiliary motor imported into Finland surged to X units, with an increase of 16% against 2020. Overall, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 23%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Finland, with a 74% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. The third position in this ranking was taken by Spain (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.5% per year) and Spain (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Finland, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by Spain, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.9% per year) and Spain (+3.9% per year).

Import Prices by Country

In 2021, the average import price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, growing by 12% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 32%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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