Finland: Wheeled Loader Market 2024

Wheeled Loader Market Size in Finland

The Finnish wheeled loader market surged to $X in 2021, increasing by 40% against the previous year. Over the period under review, consumption enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Wheeled Loader Production in Finland

In value terms, wheeled loader production totaled $X in 2021 estimated in export price. Overall, production showed a abrupt slump. Wheeled loader production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports from Finland

In 2021, after two years of decline, there was significant growth in shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders, when their volume increased by 6.3% to X units. Over the period under review, exports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Overall, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2017 when exports increased by 61% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units), Australia (X units) and Russia (X units) were the main destinations of wheeled loader exports from Finland, together accounting for 43% of total exports. Canada, Egypt, Mexico, South Africa, China, Kenya, Norway, Estonia, Chile and Germany lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Finland, comprising 34% of total exports. The second position in the ranking was held by Canada ($X), with a 7.5% share of total exports. It was followed by Russia, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+0.3% per year) and Russia (-7.3% per year).

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, surging by 29% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Egypt ($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 Kenya (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Finland

In 2021, approx. X units of wheeled loaders, crawler shovel loaders, front-end loaders were imported into Finland; growing by 25% on 2020 figures. In general, imports continue to indicate moderate growth. The growth pace was the most rapid in 2019 when imports increased by 59% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, wheeled loader imports skyrocketed to $X in 2021. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 56% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Sweden (X units) and the UK (X units) were the main suppliers of wheeled loader imports to Finland, together accounting for 60% of total imports. These countries were followed by Belgium, China, the Netherlands, France, Italy and the United States, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Belgium ($X) were the largest wheeled loader suppliers to Finland, with a combined 61% share of total imports. The UK, the Netherlands, China, France, the United States and Italy lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, France, with a CAGR of +53.4%, saw 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

In 2021, the average wheeled loader import price amounted to $X per unit, declining by -3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :