Self-propelled earthmoving machinery market in Finland

Earlier Report Observations

The market volume for self-propelled earthmoving machinery in Finland rose from 4 648 units in 2019 to 10 084 units in 2024, a growth supported by ongoing infrastructure construction which sustained demand despite a broader investment slowdown. Public-sector purchases, such as the city of Pori acquiring additional road graders in summer 2024, exemplified this supporting investment.

Regulatory updates prompted fleet renewal and compliance. The reform of the Road Traffic Act in June 2020 altered rules for transporting heavy equipment, influencing the operational use of machinery like bulldozers. Subsequent amendments to the Vehicle Act in 2023, including a clearer ban on emission manipulation, further encouraged the adoption of machines meeting newer safety and environmental standards.

Technological innovation and evolving buyer preferences also shaped the market's expansion. The entry of new autonomous machinery, such as AgXeed's robot tractor, broadened the available product range. Simultaneously, the widespread adoption of emission classes like Euro 5 and a consumer shift toward more efficient and technologically advanced machines reinforced demand for modern equipment.

Production self-propelled earthmoving machinery in Finland

In value, 2017-2020, M $ US

In 2020, Finland's production of self-propelled earthmoving machinery was valued at 385.4 million US dollars, representing a 27.9% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 10.7%, which translates to an average annual growth rate of 3.5%. The highest production value was recorded in 2018 at 445.1 million US dollars. The most significant decline occurred in 2019, with a drop of 14.2%, while the largest increase was also in 2018, at 27.9%.

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

In kind, 2017-2020, unit

In 2020, Finland produced 7,137 units of self-propelled earthmoving machinery, marking a 32.6% increase from the previous year.

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

Exports self-propelled earthmoving machinery from Finland

Exports in kind, unit

Following two years of growth, Finland's exports of self-propelled earthmoving machinery declined. In 2020, exports totaled 5,242 units, remaining nearly unchanged from 2019. Over the period from 2017 to 2020, exports increased by 22.2%, equating to an average annual growth rate of 6.9%. The peak was reached in 2019 with 5,255 units, which also saw the largest increase of 16.2%.

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

From 2017 to 2020, the export structure for self-propelled earthmoving machinery in kind was balanced rather than concentrated. Sweden accounted for 11.2% of exports, the United States for 9.8%, and Belgium for 9.3%, together representing 30.4% of total flows. The remaining 69.6% was distributed among many other 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 self-propelled earthmoving machinery in value terms declined for the second consecutive year. In 2020, exports amounted to 353.2 million US dollars, reflecting a moderate decrease of 3.8% compared to the previous year. Over the 2017-2020 period, exports grew by 5.7%, with a compound annual growth rate of 1.9%. The highest value was recorded in 2018 at 409.2 million US dollars. The most significant decline occurred in 2019, at 10.3%, while the largest increase was in 2018, at 22.5%.

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

During 2017-2020, exports of self-propelled earthmoving machinery in value terms from Finland were relatively evenly distributed. Australia accounted for 16.9% of exports, Sweden for 9.1%, and the United States for 6.7%, together making up only 32.7% of total 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 self-propelled earthmoving machinery to Finland

Imports in kind, unit

After two years of growth, Finland's imports of self-propelled earthmoving machinery in kind declined. In 2020, imports totaled 3,513 units, showing a solid decrease of 22.3% year-over-year. From 2017 to 2020, imports increased by 6.5%, which corresponds to an average annual growth rate of 2.1%. The peak was in 2019 with 4,522 units, which also experienced the largest increase of 19.2%.

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

Throughout 2017-2020, imports of self-propelled earthmoving machinery in kind to Finland were not heavily concentrated on a few key markets. Germany accounted for 22.8% of imports, the United Kingdom for 13.2%, and Sweden for 12.8%, together representing 48.8% of total 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

Following two years of growth, Finland's imports of self-propelled earthmoving machinery in value terms declined. In 2020, imports came to 288.2 million US dollars, equivalent to a significant drop of 18.4% compared to 2019. Over the 2017-2020 period, imports increased by 6.5%, with a compound annual growth rate of 2.1%. The highest value was recorded in 2019 at 353.1 million US dollars. The largest increase occurred in 2018, at 22.3%.

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

From 2017 to 2020, Germany, Japan, and Sweden were the principal sources for imports of self-propelled earthmoving machinery in value terms. Germany accounted for 23.0% of imports, Japan for 15.9%, and Sweden for 14.4%, together making up 53.2% of total flows.

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

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