Finland: Agricultural Self-Loading Trailer Market 2024

Agricultural Self-Loading Trailer Market Size in Finland

In 2021, the Finnish agricultural self-loading trailer market decreased by -12.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption faced a deep slump. The growth pace was the most rapid in 2019 when the market value increased by 5.1% against the previous year. Agricultural self-loading trailer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Agricultural Self-Loading Trailer Production in Finland

In value terms, agricultural self-loading trailer production reduced to $X in 2021 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 39% against the previous year. Agricultural self-loading trailer production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Agricultural Self-Loading Trailer Exports

Exports by Country

Norway (X units) was the main destination for agricultural self-loading trailer exports from Finland, with a 75% share of total exports. Moreover, agricultural self-loading trailer exports to Norway exceeded the volume sent to the second major destination, Iceland (X units), eightfold. Sweden (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+52.0% per year) and Sweden (+34.6% per year).

In value terms, Norway ($X) remains the key foreign market for self-loading or self-unloading trailers for agricultural purposes exports from Finland, comprising 66% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports. It was followed by Iceland, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+83.3% per year) and Iceland (+56.6% per year).

Export Prices by Country

In 2021, the average agricultural self-loading trailer export price amounted to $X per unit, picking up by 32% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2016 when the average export price increased by 120% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Norway ($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 Denmark (+60.5%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Self-Loading Trailer Imports

Imports into Finland

In 2021, overseas purchases of self-loading or self-unloading trailers for agricultural purposes decreased by -13.4% to X units, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 34%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, agricultural self-loading trailer imports surged to $X in 2021. Overall, imports saw a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of agricultural self-loading trailer to Finland, with a 61% share of total imports. Moreover, agricultural self-loading trailer imports from Germany exceeded the figures recorded by the second-largest supplier, Estonia (X units), fivefold. The third position in this ranking was taken by Denmark (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-17.7% per year) and Denmark (+15.4% per year).

In value terms, Germany ($X) constituted the largest supplier of self-loading or self-unloading trailers for agricultural purposes to Finland, comprising 67% of total imports. The second position in the ranking was taken by Denmark ($X), with an 11% share of total imports. It was followed by Estonia, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+14.9% per year) and Estonia (-13.6% per year).

Import Prices by Country

The average agricultural self-loading trailer import price stood at $X per unit in 2021, surging by 44% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural self-loading trailer import price increased by +33.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49%. As a result, import price attained the peak level of $X per unit; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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