Forecast: Import of Parts for Electric Motors and Generators to Finland

The import of parts for electric motors and generators to Finland has demonstrated varying trends over the past decade. Beginning from 33.613 million kilograms in 2013, the volume saw a notable increase, peaking in 2023 at 64.949 million kilograms. While the period between 2014 and 2017 experienced consistent year-on-year growth, the imports saw fluctuations from 2018 onwards with occasional declines, particularly in 2020 (-13.71%). Notably, the year-on-year variation for 2023 stood at 3.35%. The Compound Annual Growth Rate (CAGR) over the last 5 years indicates a modest growth of 3.98%.

Looking forward, the forecasted data suggests a continued upward trend with an expected increase to 75.931 million kilograms by 2028. The forecasted 5-year CAGR is estimated to be 2.46%, translating to a 12.9% growth over the forecast period.

Future trends to watch for include the growth trajectories of the renewable energy sector and advancements in electric mobility, both of which could significantly influence the demand for electric motor parts. Additionally, global supply chain dynamics and technological innovations may impact Finland's import patterns.