Finland: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in Finland

The Finnish snow ploughs and blowers market surged to $X in 2022, with an increase of 54% against the previous year. Over the period under review, consumption, however, saw a pronounced slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Snow-Ploughs And Snow-Blowers in Finland

In value terms, snow ploughs and blowers production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Snow ploughs and blowers production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Snow-Ploughs And Snow-Blowers

Exports from Finland

In 2022, the amount of snow-ploughs and snow-blowers exported from Finland reduced modestly to X units, with a decrease of -2.4% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 23%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, snow ploughs and blowers exports expanded rapidly to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for snow ploughs and blowers exports from Finland, accounting for a 50% share of total exports. Moreover, snow ploughs and blowers exports to Sweden exceeded the volume sent to the second major destination, Norway (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+7.1% per year) and Germany (+14.9% per year).

In value terms, the largest markets for snow ploughs and blowers exported from Finland were Norway ($X), Sweden ($X) and Germany ($X), together accounting for 59% of total exports. Estonia, the United States, Austria, Russia and Italy lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, the United States, with a CAGR of +49.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average snow ploughs and blowers export price amounted to $X per unit, surging by 9.3% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, snow ploughs and blowers export price increased by +24.8% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 64% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Italy ($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 Austria (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Snow-Ploughs And Snow-Blowers

Imports into Finland

In 2022, approx. X units of snow-ploughs and snow-blowers were imported into Finland; with an increase of 56% compared with 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, snow ploughs and blowers imports surged to $X in 2022. Overall, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 79%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of snow ploughs and blowers to Finland, accounting for a 48% share of total imports. Moreover, snow ploughs and blowers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Sweden (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.5% per year) and Sweden (+4.1% per year).

In value terms, the largest snow ploughs and blowers suppliers to Finland were China ($X), the United States ($X) and Estonia ($X), with a combined 71% share of total imports. Sweden, Canada, Germany, the Netherlands and Russia lagged somewhat behind, together comprising a further 21%.

The Netherlands, with a CAGR of +73.3%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, the average snow ploughs and blowers import price amounted to $X per unit, reducing by -5.5% against the previous year. Over the period under review, the import price saw a slight contraction. The pace of growth appeared the most rapid in 2014 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Estonia ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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