Diesel goods vehicles market in Finland

Earlier Report Observations

The market for diesel goods vehicles in Finland showed initial stability from 2018 to 2019, with market size edging down slightly from 628.6 million USD to 623.8 million USD. During this period, the European Commission notified Finland's legislation on lightweight vehicles, which came into force in November 2019 and affected diesel trucks within lighter vehicle regulations. In 2020, the market contracted sharply to 481.8 million USD, a drop of over 20%. The downward trend continued into 2021, with market size falling to 465.3 million USD, as the government prepared to implement an EU directive promoting public procurement of low-emission vehicles, including trucks, which likely dampened demand for diesel models.

From 2022 onward, regulatory support for alternative fuels played a key role. A law effective from the start of 2022 provided subsidies for purchasing and converting vehicles to run on alternative fuels, putting further pressure on diesel truck demand and contributing to a market decline to 402.0 million USD. Contrary to the trend, 2023 saw a rebound to 500.0 million USD. The market then fell sharply in 2024 to 398.7 million USD, driven by multiple headwinds: diesel fuel prices rose in March 2024, increasing operating costs; freight volume transported by lorries decreased by 1%, reducing demand; and the share of electric and plug-in hybrid vehicles in new registrations grew, reflecting a broader shift away from diesel. Additionally, Finland's announcement to end sales of diesel cars by 2030 and revised road traffic legislation favoring alternative fuels reinforced the long-term transition.

Production diesel goods vehicles in Finland

In value, 2017-2020, M $ US

Finland's production of diesel goods vehicles experienced a two-year growth period before declining. In 2019, output reached its peak at 313.4 million US dollars. However, in 2020, production fell to 269.0 million US dollars, marking a 14.1% decrease compared to the previous year. Over the period from 2017 to 2020, production increased by 4.2%, which translates to an annualized growth rate of 1.4%.

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

In kind, 2017-2020, unit

After two years of growth, diesel goods vehicles production in Finland saw a decline. In 2019, output peaked at 1,162 units. In 2020, production dropped to 955 units, representing a significant contraction of 17.8% from the previous year. The largest annual increase occurred in 2019, with a rise of 20.3%.

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

Exports diesel goods vehicles from Finland

Exports in kind, unit

In 2018, Finland's exports of diesel goods vehicles reached their lowest point at 3,493 units. The following year, in 2019, exports peaked at 4,072 units, marking the largest annual increase of 16.6%. In 2020, exports stood at 3,785 units, showing a modest reduction of 7.0% compared to 2019. Over the 2017-2020 period, exports grew by 6.2%, with a compound annual growth rate of 2.0%.

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

From 2017 to 2020, Finland's exports of diesel goods vehicles in kind were highly diversified geographically. The top three destinations—Sweden (12.6% of exports), Lithuania (9.6%), and the Netherlands (8.7%)—together accounted for only 30.8% of total flows. The remaining 69.2% was distributed among numerous smaller partner countries.

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

Finland's exports of diesel goods vehicles in value terms grew for the second consecutive year. In 2018, exports hit their lowest point at 464.9 million US dollars, with the largest annual decline of 0.7% recorded that year. In 2019, exports rebounded strongly, showing the largest annual increase of 8.6%. In 2020, exports reached 508.0 million US dollars, indicating a slight year-on-year growth of 0.6%. Over the 2017-2020 period, exports increased by 8.5%, equating to an annualized rate of 2.8%.

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

Between 2017 and 2020, Finland's exports of diesel goods vehicles in value terms relied on a broad range of partner countries. The top three markets—Sweden (18.4% of exports), Russia (15.7%), and Norway (11.7%)—together accounted for just 45.7% of total flows, highlighting the diversity of export destinations.

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

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

Imports diesel goods vehicles to Finland

Imports in kind, unit

Finland's imports of diesel goods vehicles in kind showed significant fluctuations from 2017 to 2020. In 2018, imports peaked at 20,473 units. In 2019, imports dropped sharply to 10,723 units, marking the largest annual decline of 47.6%. In 2020, imports rebounded to 16,904 units, representing a substantial increase of 57.6% compared to the previous year. Over the entire period, imports decreased by 16.9%, with a compound annual decline rate of 6.0%.

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

From 2017 to 2020, Germany (22.7% of imports), France (18.5%), and Turkey (13.3%) were the main sources for Finland's imports of diesel goods vehicles in kind. Together, these three countries accounted for 54.5% 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

Finland's imports of diesel goods vehicles in value terms declined for the second year in a row. In 2018, imports reached their highest point at 818.8 million US dollars, with the largest annual increase of 8.4% recorded that year. In 2020, imports fell to 720.8 million US dollars, indicating a significant drop of 11.6% compared to the previous year. Over the 2017-2020 period, imports decreased by 4.6%, which translates to an annualized decline rate of 1.6%.

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

Between 2017 and 2020, Sweden (34.9% of imports), Germany (23.8%), and France (10.5%) were the primary sources in the geographical breakdown of Finland's imports of diesel goods vehicles in value terms. These three countries together accounted for 69.2% of total import flows.

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

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