Compression-ignition diesel piston engines market in Finland

Earlier Report Observations

From 2018 to 2022, the market value for compression-ignition diesel piston engines in Finland fluctuated, reaching a peak of 444.8 million US dollars in 2019 before declining to 341.5 million by 2022. In physical terms, the market volume decreased from 58 271 units in 2018 to 49 214 units in 2022.

The downward trend continued into 2023 and 2024, with market volume dropping sharply to 22 506 units and value settling at 271.4 million US dollars. This contraction aligned with the European Union's tightening emission regulations, particularly the preparation for Euro VII standards, which directly affected demand for diesel engines. Simultaneously, technological advancements such as Toyota's new generation of fuel-efficient engines and Bosch's plans for hydrogen-powered compression-ignition engines began steering the market toward more efficient and alternative solutions.

Production compression-ignition diesel piston engines in Finland

In value, 2017-2020, M $ US

Finland's production of compression-ignition diesel piston engines rebounded in 2020 after a two-year decline. The output value reached 312.6 million US dollars, marking a 3.0% increase compared to 2019. Over the period from 2017 to 2020, production decreased by 4.1%, which translates to an annualized decline of 1.4%. The lowest value was recorded in 2019 at 303.6 million US dollars, while the sharpest drop occurred in 2018 with a 5.2% decrease.

Annual dynamics of production in Finland in value, 2017-2020, M $ US

In kind, 2017-2020, unit

In 2020, Finland produced 27,999 units of compression-ignition diesel piston engines, representing a 9.3% decrease from the previous year.

Annual dynamics of production in Finland in kind, 2017-2020, unit

Exports compression-ignition diesel piston engines from Finland

Exports in kind, unit

The export market for these engines exhibited volatility during the observed period. Exports reached their lowest point in 2019 at 8,170 units and peaked in 2017, with a 2.8-fold difference between these years. In 2020, Finland exported 20,124 units, which is a significant 146.3% increase compared to 2019. The largest decline was recorded in 2019 at 62.5%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, unit

From 2017 to 2020, France, Germany, and the United States formed the core of Finland's exports in kind. France accounted for 34.7% of exports, Germany for 27.7%, and the United States for 11.6%. Together, these three countries represented 74.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, M $ US

In 2020, Finland exported compression-ignition diesel piston engines worth 252.8 million US dollars, which is an 11.9% decrease year-over-year. Over the 2017-2020 period, exports declined by 11.4%, with a compound annual growth rate of -4.0%. The highest value was recorded in 2019 at 286.9 million US dollars, while the largest increase occurred in 2019 with a 1.0% rise.

Annual dynamics of product's exports from Finland in value, 2017-2020, M $ US

Between 2017 and 2020, France, Germany, and the United States were the primary markets for Finland's exports in value terms. France contributed 28.0% of export value, Germany 17.5%, and the United States 12.5%. Collectively, these three countries accounted for 58.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports compression-ignition diesel piston engines to Finland

Imports in kind, unit

The import market for these engines showed signs of volatility over the observed period. Imports hit their lowest point in 2019 at 10,179 units and peaked in 2018 at 52,055 units, reflecting a 5.1-fold gap. In 2020, Finland imported 45,266 units, which corresponds to a dramatic 344.7% increase compared to 2019. The largest decline was recorded in 2019 at 80.4%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, unit

From 2017 to 2020, Germany, Spain, and Hungary were consistently the main sources for Finland's imports in kind. Germany accounted for 63.0% of imports, Spain for 13.4%, and Hungary for 3.3%. Together, these three countries made up 79.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, M $ US

After a two-year increase, Finland's imports of compression-ignition diesel piston engines declined in 2020. Imports reached 297.2 million US dollars, down by 30.6% compared to the previous year. Over the period from 2017 to 2020, imports grew by 17.2%, equating to an annualized rate of 5.4%. The highest value was recorded in 2019 at 428.1 million US dollars, while the largest increase occurred in 2018 with a 34.4% rise.

Annual dynamics of product's imports to Finland in value, 2017-2020, M $ US

Between 2017 and 2020, Germany, Sweden, and Spain were the main sources for Finland's imports in value terms. Germany accounted for 62.1% of import value, Sweden for 8.7%, and Spain for 6.8%. Together, these three countries absorbed 77.7% of total import flows of compression-ignition diesel piston engines to Finland.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020