Finland: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Finland

The Finnish pedestrian-controlled tractor market totaled $X in 2022, surging by 12% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.8% against 2020 indices. Pedestrian-controlled tractor consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Finland

In value terms, pedestrian-controlled tractor production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 49% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Finland

In 2022, shipments abroad of pedestrian-controlled tractors decreased by -64.1% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 12,400% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pedestrian-controlled tractor exports contracted significantly to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 602% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sudan (X units), Ghana (X units) and Estonia (X units) were the main destinations of pedestrian-controlled tractor exports from Finland.

From 2013 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +12.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for pedestrian-controlled tractor exported from Finland were Estonia ($X), Sudan ($X) and Ghana ($X), together comprising 98% of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, surging by 19% against the previous year. Over the period under review, the export price, however, faced a sharp setback. The pace of growth appeared the most rapid in 2018 an increase of 37%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Estonia ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+37.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pedestrian-Controlled Tractor Imports

Imports into Finland

Pedestrian-controlled tractor imports into Finland fell remarkably to X units in 2022, with a decrease of -87.2% compared with the previous year's figure. Over the period under review, imports saw a significant contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 574% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pedestrian-controlled tractor imports fell sharply to $X in 2022. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 614% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X units), Japan (X units) and the UK (X units) were the main suppliers of pedestrian-controlled tractor imports to Finland, with a combined 80% share of total imports. Moreover, pedestrian-controlled tractor imports in Russia exceeded the figures recorded by the second-largest supplier, Japan, twofold.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +12.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), the UK ($X) and Japan ($X) appeared to be the largest pedestrian-controlled tractor suppliers to Finland, with a combined 78% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +17.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, with an increase of 24% against the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 96% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :