Finland: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Finland

The Finnish outboard boat motors market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Outboard Boat Motors Production in Finland

In value terms, outboard boat motors production declined slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Outboard boat motors production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Outboard Boat Motors Exports

Exports from Finland

In 2022, shipments abroad of outboard motors for marine propulsion increased by X% to X units, rising for the fourth consecutive year after six years of decline. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, outboard boat motors exports skyrocketed to $X in 2022. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Lithuania (X units) was the main destination for outboard boat motors exports from Finland, accounting for a X% share of total exports. Moreover, outboard boat motors exports to Lithuania exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was taken by Estonia (X units), with a X% share.

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

In value terms, Sweden ($X) remains the key foreign market for outboard motors for marine propulsion exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

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

Export Prices by Country

The average outboard boat motors export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Australia ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into Finland

In 2022, purchases abroad of outboard motors for marine propulsion increased by X% to X units, rising for the fourth consecutive year after six years of decline. Over the period under review, imports saw tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, outboard boat motors imports soared to $X in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Japan (X units) constituted the largest outboard boat motors supplier to Finland, with a X% share of total imports. Moreover, outboard boat motors imports from Japan exceeded the figures recorded by the second-largest supplier, Belgium (X units), sixfold. Thailand (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Thailand (X% per year).

In value terms, Japan ($X) constituted the largest supplier of outboard motors for marine propulsion to Finland, comprising X% of total imports. The second position in the ranking was held by the United States ($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 Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

Import Prices by Country

The average outboard boat motors import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price, however, posted a noticeable expansion. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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