Finland: Market for Cycles with Auxiliary Motors and Side Cars 2024

Market Size for Cycles with Auxiliary Motors and Side Cars in Finland

The Finnish market for cycles with auxiliary motors and side cars surged to $X in 2021, jumping by 66% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Production of Cycles with Auxiliary Motors and Side Cars in Finland

In value terms, production of cycles with auxiliary motors and side cars surged to $X in 2021 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 890%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Finland

In 2021, overseas shipments of cycles with auxiliary motors and side cars increased by 406% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 651%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of cycles with auxiliary motors and side cars soared to $X in 2021. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Russia (X units) and Germany (X units) were the main destinations of exports of cycles with auxiliary motors and side cars from Finland, with a combined 79% share of total exports. Denmark, Spain, Estonia and Sweden lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +255.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for cycles with auxiliary motors and side cars exports from Finland, comprising 47% of total exports. The second position in the ranking was held by Russia ($X), with a 21% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+161.9% per year) and Germany (+27.3% per year).

Export Prices by Country

The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, increasing by 13% against the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Sweden ($X per unit), while the average price for exports to Russia ($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 Sweden (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Finland

In 2021, supplies from abroad of cycles with auxiliary motors and side cars increased by 48% to X units, rising for the seventh year in a row after two years of decline. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 188% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 163%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of cycle with auxiliary motor and side car to Finland, with a 39% share of total imports. Moreover, imports of cycles with auxiliary motors and side cars from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+133.0% per year) and Germany (+110.4% per year).

In value terms, the largest cycle with auxiliary motor and side car suppliers to Finland were Germany ($X), China ($X) and Sweden ($X), with a combined 57% share of total imports. These countries were followed by the Netherlands, Turkey, Hungary and Denmark, which together accounted for a further 31%.

Turkey, with a CAGR of +366.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for cycles with auxiliary motors and side cars amounted to $X per unit, picking up by 4.3% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for cycles with auxiliary motors and side cars decreased by -25.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, 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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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