Finland: Vehicle-Mounted Lifting Equipment Market 2024

Vehicle-Mounted Lifting Equipment Market Size in Finland

The Finnish vehicle-mounted lifting equipment market shrank rapidly to $X in 2023, declining by X% against the previous year. Over the period under review, consumption showed a deep reduction. Vehicle-mounted lifting equipment consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Vehicle-Mounted Lifting Equipment Production in Finland

In value terms, vehicle-mounted lifting equipment production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2022, and then dropped in the following year.

Vehicle-Mounted Lifting Equipment Exports

Exports from Finland

In 2023, shipments abroad of lifting equipment designed for mounting on road vehicles increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, vehicle-mounted lifting equipment exports soared to $X in 2023. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Austria (X units) was the main destination for vehicle-mounted lifting equipment exports from Finland, accounting for a X% share of total exports. Moreover, vehicle-mounted lifting equipment exports to Austria exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, Austria ($X) remains the key foreign market for lifting equipment designed for mounting on road vehicles exports from Finland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Sweden (X% per year).

Export Prices by Country

The average vehicle-mounted lifting equipment export price stood at $X per unit in 2023, surging by X% against the previous year. Overall, the export price, however, saw a slight shrinkage. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Switzerland ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle-Mounted Lifting Equipment Imports

Imports into Finland

After two years of growth, supplies from abroad of lifting equipment designed for mounting on road vehicles decreased by X% to X units in 2023. Over the period under review, imports, however, saw tangible growth. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, vehicle-mounted lifting equipment imports fell modestly to $X in 2023. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Sweden (X units), Austria (X units) and Italy (X units) were the main suppliers of vehicle-mounted lifting equipment imports to Finland, together comprising X% of total imports. Slovakia, Estonia, Poland, Spain and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Austria ($X) and Italy ($X) were the largest vehicle-mounted lifting equipment suppliers to Finland, together accounting for X% of total imports. Poland, Estonia, Slovakia, Spain and Denmark lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of 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

The average vehicle-mounted lifting equipment import price stood at $X per unit in 2023, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform