From 2012 to 2022, the market size value of diesel trucks weighing less than 5 tonnes in Finland showed varied trends. Starting at $865.64 million in 2012, the market experienced slight declines in 2013 (-1.17%) but showed consistent growth from 2014 to 2018, peaking at $1327.7 million in 2018. Notably, there was a sharp increase in 2016 (26%) and a steady rise through 2017 (11%) and 2018 (6.44%). However, 2019 and 2020 saw declines of -4.39% and -13.73% respectively. Recovery was evident with growth in 2021 (17.1%) and 2022 (7.59%), leading to a market size of $1379.7 million in 2022.
Notably, the Compounded Annual Growth Rate (CAGR) over the last five years (2017-2022) stood at 2.04%. The market in 2023 continued this trend and is currently projected around $1443.5 million.
Future trends to watch for include increasing regulatory pressures on diesel emissions, advancements in alternative fuel technology, and the evolving preferences of logistics companies towards more sustainable vehicles. These factors could significantly influence the market dynamics for diesel trucks under 5 tonnes in the coming years.
How does Finland rank in Diesel Trucks (Weighing Less than 5 Tonnes) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 21,716,000,000 | 2023 | +3.25% | +2.71% | View data |
| 2 | 2 Spain | 9,793,900,000 | 2023 | +1.15% | +0.37% | View data |
| 3 | 3 Canada | 5,934,800,000 | 2023 | +2.78% | +1.75% | View data |
| 4 | 4 South Africa | 4,539,500,000 | 2023 | +1.5% | +1.55% | View data |
| 5 | 5 Sweden | 4,451,900,000 | 2023 | +2.49% | +2.66% | View data |
| 14 | 14 Czech Republic | 1,531,300,000 | 2023 | +3.51% | +3.11% | View data |
| 15 | 15 Israel | 1,459,700,000 | 2023 | +2.45% | +3.59% | View data |
| 16 | 16 Finland | 1,408,900,000 | 2023 | +2.12% | +1.2% | |
| 17 | 17 Peru | 1,394,100,000 | 2023 | +0.65% | +0.21% | View data |
| 18 | 18 Guatemala | 979,570,000 | 2023 | +2.72% | +3.58% | View data |
