Finland - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSuspension System Price in Finland - 2023
Contents:
- Suspension System Price in Finland (CIF) - 2023
- Suspension System Price in Finland (FOB) - 2022
- Suspension System Imports in Finland
- Suspension System Exports in Finland
Suspension System Price in Finland (CIF) - 2023
In August 2023, the average suspension system import price amounted to $14,082 per ton, reducing by -11.3% against the previous month. In general, import price indicated temperate growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, suspension system import price increased by +64.8% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 86% against the previous month. Over the period under review, average import prices reached the maximum at $17,026 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($43,774 per ton), while the price for Hungary ($5,059 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Suspension System Price in Finland (FOB) - 2022
In 2022, the average suspension system export price amounted to $14,966 per ton, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $16,218 per ton in 2018; however, from 2019 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 India ($31,203 per ton), while the average price for exports to the UK ($3,502 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Suspension System Imports in Finland
In 2022, after three years of growth, there was significant decline in purchases abroad of suspension systems, when their volume decreased by -24.3% to 7.5K tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year.
In value terms, suspension system imports reduced remarkably to $100M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports reached the peak of $120M, and then declined markedly in the following year.
Import of Suspension System in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 37.7 | 55.0 | 68.6 | 45.0 | 6.1% |
Hungary | 3.0 | 7.8 | 6.2 | 7.9 | 38.1% |
France | 6.1 | 5.5 | 6.1 | 5.2 | -5.2% |
Vietnam | 3.3 | 2.2 | 3.3 | 5.0 | 14.9% |
Japan | 3.0 | 2.3 | 4.6 | 4.7 | 16.1% |
Canada | 2.8 | 2.1 | 3.4 | 3.9 | 11.7% |
Slovakia | 3.0 | 3.0 | 2.3 | 2.7 | -3.5% |
Romania | 3.5 | 2.6 | 3.6 | 2.4 | -11.8% |
Poland | 0.6 | 0.7 | 4.4 | 2.2 | 54.2% |
Spain | 2.0 | 2.2 | 1.8 | 2.1 | 1.6% |
Turkey | 0.8 | 1.3 | 1.4 | 1.9 | 33.4% |
Austria | 0.4 | 0.3 | 0.6 | 1.8 | 65.1% |
China | 1.3 | 1.3 | 1.8 | 1.8 | 11.5% |
Others | 9.3 | 7.7 | 11.3 | 13.1 | 12.1% |
Total | 76.9 | 94.0 | 120 | 99.6 | 9.0% |
Top Suppliers of Suspension System to Finland in 2022:
- Germany (3911.7 tons)
- Hungary (734.0 tons)
- France (482.5 tons)
- Vietnam (304.4 tons)
- Romania (239.3 tons)
- China (205.6 tons)
- Spain (193.1 tons)
- Turkey (185.9 tons)
- Slovakia (164.7 tons)
- Canada (149.1 tons)
- Japan (134.8 tons)
- Poland (130.8 tons)
- Austria (122.4 tons)
Suspension System Exports in Finland
In 2022, approx. 428 tons of suspension systems were exported from Finland; waning by -25.5% compared with 2021 figures. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of 574 tons, and then reduced markedly in the following year.
In value terms, suspension system exports dropped to $6.4M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $7.2M, and then contracted in the following year.
Export of Suspension System in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 1,725 | 1,851 | 2,071 | 1,360 | -7.6% |
France | 235 | 244 | 518 | 1,080 | 66.3% |
Norway | 1,189 | 907 | 956 | 883 | -9.4% |
Estonia | 662 | 622 | 737 | 698 | 1.8% |
Russia | 855 | 789 | 1,163 | 287 | -30.5% |
Lithuania | 138 | 112 | 141 | 194 | 12.0% |
Latvia | 175 | 105 | 242 | 176 | 0.2% |
Poland | 206 | 176 | 102 | 120 | -16.5% |
United Kingdom | 57.4 | 119 | 301 | 96.2 | 18.8% |
Germany | 217 | 110 | 161 | 91.5 | -25.0% |
Others | 694 | 722 | 774 | 1,420 | 27.0% |
Total | 6,154 | 5,758 | 7,167 | 6,407 | 1.4% |
Top Export Markets for Suspension System from Finland in 2022:
- Sweden (77.6 tons)
- France (67.3 tons)
- Estonia (64.2 tons)
- Norway (45.5 tons)
- Russia (33.0 tons)
- United Kingdom (27.5 tons)
- Poland (21.6 tons)
- Lithuania (18.8 tons)
- Latvia (17.4 tons)
- Germany (5.9 tons)
This report provides an in-depth analysis of the suspension system market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29323050 - Suspension systems and parts thereof (including shock absorbers)
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the suspension system market in Finland.
This report provides an in-depth analysis of the market for automotive parts and accessories in Finland.
This report provides an in-depth analysis of the inflator system airbag market in Finland.
This report provides an in-depth analysis of the brakes and servo-brakes market in Finland.
This report provides an in-depth analysis of the bumper market in Finland.
This report provides an in-depth analysis of the clutch market in Finland.
This report provides an in-depth analysis of the market for driving and non-driving axle in Finland.
This report provides an in-depth analysis of the gear box market in Finland.
This report provides an in-depth analysis of the motor vehicle radiator market in Finland.
This report provides an in-depth analysis of the road wheel market in Finland.
In value terms, millstones, grindstones and grinding wheels imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
In value terms, millstones, grindstones and grinding wheels exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend...
Global automotive accessory imports stood at X tons in 2016, ascending by X% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pa...
Global automotive accessory imports stood at X tons in 2016, ascending by X% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pa...
In 2015, global automotive accessory market grew to X billion USD, which was slightly higher than the year before. From 2007 to 2015, average annual growth rate of consumption stood at +X% per year.
China (X million USD) was calculated to be the leading consuming motor vehicle accessory market in 2015, accounting for approximately X% of global consumption. It was distantly followed by the U.S. with a X% share i
Global motor vehicle accessory market production was estimated at X billion USD in 2015, which was X% more than in 2014. There was an annual increase of +X% for the period from 2007 to 2015.
Explore the top import markets for bumpers in 2023 and the key statistics behind their import activities. Find out which countries lead the global market for bumper imports.
Explore the world's top import markets for clutches, including the United States, Germany, Mexico, China, and more. Get insights into the key statistics and import values of these countries, and understand the driving factors behind their demand for clutches.
Discover the top import markets for gear boxes around the world, including the United States, China, Germany, and more. Explore key statistics and import values for these countries. Find out how the IndexBox market intelligence platform can provide comprehensive insights for global trade.