Finland: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2025

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Finland

In 2022, the Finnish market for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 2.6% to $X, rising for the sixth consecutive year after four years of decline. Over the period under review, consumption, however, saw pronounced growth. Consumption of peaked in 2022 and is likely to continue growth in the near future.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Finland

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined to $X in 2022 estimated in export price. Over the period under review, production enjoyed a modest expansion. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Finland

Exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Finland reduced to X units in 2022, which is down by -7.9% compared with 2021 figures. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined modestly to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Germany (X units), the United States (X units) and Norway (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Finland, with a combined 44% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +14.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Norway ($X) were the largest markets for agricultural, construction and industrial machinery tyre exported from Finland worldwide, with a combined 43% share of total exports. France, Sweden, Canada, Belgium, the Czech Republic, the UK, Spain, Russia and Estonia lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, Belgium, with a CAGR of +11.5%, 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

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, surging by 6.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 8.9%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 the Czech Republic ($X per unit), while the average price for exports to Estonia ($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 Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Finland

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Finland contracted to X units in 2022, falling by -6.4% compared with 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined modestly to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), India (X units) and Thailand (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Finland, with a combined 58% share of total imports. Sweden, Germany, Slovakia, Russia, Sri Lanka, the United States, the Czech Republic and Latvia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Finland were India ($X), Sweden ($X) and China ($X), together comprising 44% of total imports. Germany, Slovakia, Russia, the Czech Republic, the United States, Sri Lanka, Latvia and Thailand lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Slovakia, with a CAGR of +63.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, increasing by 5.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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