Finland: Tyre Market 2024

Tyre Market Size in Finland

The Finnish tyre market contracted dramatically to $X in 2022, falling by X% against the previous year. Over the period under review, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Tyre Production in Finland

In value terms, tyre production reduced to $X in 2022 estimated in export price. In general, production showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Tyre Exports

Exports from Finland

In 2022, overseas shipments of tyres increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tyre exports reached $X in 2022. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Germany ($X) were the largest markets for tyre exported from Finland worldwide, together comprising X% of total exports. The United States, Canada, the Czech Republic, France, Poland, Russia, Switzerland and Italy lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw 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 2022, the average tyre export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into Finland

In 2022, approx. X units of tyres were imported into Finland; which is down by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined in the following year.

In value terms, tyre imports stood at $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X units), China (X units) and Germany (X units) were the main suppliers of tyre imports to Finland, with a combined X% share of total imports. Sweden, Poland, Belgium, South Korea, the Netherlands, Indonesia, Thailand, the Czech Republic, Denmark and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Sweden ($X) and Germany ($X) appeared to be the largest tyre suppliers to Finland, with a combined X% share of total imports.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tyre import price amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :