Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland (CIF) - 2023
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland (FOB) - 2023
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland (CIF) - 2023
In November 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $7,095 per unit, shrinking by -7.5% against the previous month. Overall, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in March 2023 when the average import price increased by 41% against the previous month. Over the period under review, average import prices attained the maximum at $10,785 per unit in December 2022; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($17,335 per unit), while the price for India ($2,067 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland (FOB) - 2023
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $22,386 per unit in November 2023, rising by 53% against the previous month. Overall, export price indicated a resilient increase from December 2022 to November 2023: its price increased at an average monthly rate of +6.6% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) increased by +52.6% against October 2023 indices. The growth pace was the most rapid in January 2023 when the average export price increased by 105% against the previous month. The export price peaked at $24,626 per unit in August 2023; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($341K per unit), while the average price for exports to Gambia ($94.6 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imported into Finland reduced to 44K units, waning by -11.7% compared with 2021 figures. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 9.8% against the previous year. Over the period under review, imports of attained the peak figure at 67K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) declined sharply to $288M in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports of attained the peak figure at $428M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 304 | 180 | 186 | 96.0 | -31.9% |
| Poland | 0.2 | 17.9 | 60.3 | 52.8 | 541.5% |
| Sweden | 28.3 | 31.0 | 39.9 | 44.7 | 16.5% |
| United Kingdom | 9.6 | 7.3 | 11.0 | 17.3 | 21.7% |
| France | 17.7 | 15.3 | 14.2 | 16.3 | -2.7% |
| Italy | 6.0 | 4.8 | 10.1 | 12.3 | 27.0% |
| China | 2.6 | 1.9 | 4.4 | 10.6 | 59.8% |
| Spain | 30.1 | 16.7 | N/A | N/A | -44.5% |
| Others | 30.0 | 23.0 | 38.4 | 37.8 | 8.0% |
| Total | 428 | 298 | 364 | 288 | -12.4% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Finland in 2022:
- Germany (18.4K units)
- Poland (12.5K units)
- Italy (2.7K units)
- United Kingdom (2.2K units)
- China (1.9K units)
- Sweden (1.8K units)
- France (1.6K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) exported from Finland expanded rapidly to 25K units, picking up by 8.6% on the previous year's figure. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 14%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank to $260M in 2022. Over the period under review, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, the exports attained the peak of $301M, and then contracted in the following year.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 79.7 | 75.7 | 85.8 | 91.8 | 4.8% |
| Germany | 57.2 | 54.9 | 52.9 | 65.6 | 4.7% |
| United States | 34.9 | 30.6 | 35.4 | 30.5 | -4.4% |
| Sweden | 6.3 | 10.6 | 11.9 | 11.2 | 21.1% |
| United Kingdom | 5.7 | 8.0 | 11.0 | 7.4 | 9.1% |
| Brazil | 3.3 | 2.6 | 7.7 | 7.3 | 30.3% |
| Italy | 11.5 | 1.4 | 10.9 | 6.7 | -16.5% |
| Japan | 4.7 | 17.0 | 8.8 | 6.4 | 10.8% |
| Estonia | 1.7 | 0.4 | 2.0 | 3.9 | 31.9% |
| Egypt | N/A | N/A | N/A | 1.7 | 0% |
| Iraq | 1.7 | 2.1 | 0.1 | 0.1 | -61.1% |
| South Korea | 11.9 | N/A | 7.9 | N/A | -18.5% |
| Others | 68.1 | 48.9 | 66.7 | 27.2 | -26.4% |
| Total | 287 | 252 | 301 | 260 | -3.2% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Finland in 2022:
- France (9.0K units)
- Germany (7.3K units)
- United States (1.8K units)
- Egypt (1.6K units)
- Sweden (0.9K units)
- Estonia (0.7K units)
- United Kingdom (0.7K units)
- Japan (0.7K units)
- Brazil (0.6K units)
- Italy (0.6K units)
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