Finland: Motor Boat Market 2024

Motor Boat Market Size in Finland

The Finnish motor boat market shrank rapidly to less than $X in 2022, reducing by X% against the previous year. Overall, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Motor Boat Production in Finland

In value terms, motor boat production fell to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021, and then fell in the following year.

Motor Boat Exports

Exports from Finland

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports saw resilient growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor boat exports skyrocketed to $X in 2021. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X units) was the main destination for motor boat exports from Finland, with a X% share of total exports. Moreover, motor boat exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), fourfold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Russia (X% per year).

In value terms, Sweden ($X), Norway ($X) and Russia ($X) were the largest markets for motor boat exported from Finland worldwide, together accounting for X% of total exports. The UK, Switzerland, Denmark and Estonia lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of 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 2021, the average motor boat export price amounted to $X per unit, rising by X% against the previous year. In general, the export price showed a tangible expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

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

Motor Boat Imports

Imports into Finland

In 2021, imports of motor boats and motor yachts, for pleasure or sports into Finland surged to X units, jumping by X% on the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, motor boat imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X units) was the main motor boat supplier to Finland, accounting for a X% share of total imports. It was followed by the United States (X units), with less than X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico totaled X%.

In value terms, Mexico ($X) constituted the largest supplier of motor boats and motor yachts, for pleasure or sports to Finland, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with less than X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to X%.

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, reducing by X% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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