Finland: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Finland

The Finnish passenger car tyre market skyrocketed to $X in 2021, with an increase of 19% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Tyre Production in Finland

In value terms, passenger car tyre production soared to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 69% against the previous year. Passenger car tyre production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Passenger Car Tyre Exports

Exports from Finland

In 2021, after two years of decline, there was significant growth in shipments abroad of tyres for motor cars, when their volume increased by 28% to X units. In general, exports, however, showed a slight descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units), Germany (X units) and Norway (X units) were the main destinations of passenger car tyre exports from Finland, together comprising 57% of total exports. Poland, Russia, the Czech Republic, the United States, Canada, France, the Netherlands, Turkey, Italy and Switzerland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +21.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Finland were Sweden ($X), Germany ($X) and Norway ($X), together accounting for 65% of total exports. These countries were followed by Poland, Russia, the Czech Republic, the Netherlands, Canada, the United States, France, Turkey, Italy and Switzerland, which together accounted for a further 28%.

Poland, with a CAGR of +15.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in 2020 an increase of 7.2%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to the United States ($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 the Czech Republic (+1.4%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into Finland

In 2021, passenger car tyre imports into Finland expanded sharply to X units, surging by 5.9% on the year before. Overall, imports, however, saw a perceptible decline. The growth pace was the most rapid in 2020 when imports increased by 24%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports rose sharply to $X in 2021. In general, imports, however, saw a perceptible downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), China (X units) and Germany (X units) were the main suppliers of passenger car tyre imports to Finland, together accounting for 72% of total imports. Sweden, Belgium, South Korea, Poland, Estonia, the Netherlands, the Czech Republic, France, Hungary and the Philippines lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and China ($X) constituted the largest passenger car tyre suppliers to Finland, with a combined 61% share of total imports. Sweden, Poland, Estonia, the Netherlands, South Korea, Belgium, France, the Czech Republic, Hungary and the Philippines lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Sweden, with a CAGR of +23.1%, recorded the highest growth rate of 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 passenger car tyre import price stood at $X per unit in 2021, with an increase of 7.7% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 9.8%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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