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The number of member companies in Finnboat has also grown, though the most notable growth comes from the increased sales of well-known boat brands on both domestic and foreign markets. In addition, a significant number of new boat brands have come into the market. An increase in the average boat size and the level of onboard equipment have contributed to the rise in turnover. Domestic boat sales increased by 14,2% and boat exports by 22,4%. Of the members who responded to the Finnboat questionnaire, 38,5% indicated that they would hire more workers.

Domestic boat sales

In 2005, domestic trade exceeded 100 million euros for the first time. That powerful growth currently continues. In euro terms, turnover (VAT 0%) for 2006 increased to EUR 116,9 million (+14,2%). Of this total, imported boats accounted for some 30-35% in terms of value. In accordance with statistics provided by Finnboat member enterprises, 11,660 (-0,7%) smallcraft and motorboats in the under 6-meter class were sold. Based on the same measurement criteria, 889 boats (+10,9%) in the 6,01 - 8 m class were sold. In the 8 - 10 meter class, 147 units were sold (+8,9%) and in the largest class, i.e. Boats over 10 meters, 27 were sold (+3,8%). In Finland, 129 sailboats over 20 feet were sold (2005: 151 units). Of sailboats sold on the domestic market, 94% were imported. In the most popular class, i.e. 27-33 feet, 55 were sold.

Boat exports

The export share of total marine industry production continues to be very high. According to information provided by enterprises. the export invoicing share of total invoicing in 2006 was some 75%. Of export invoicing for 2006, the sailboat share was approximately 37%. The dedicated work of industry enterprises on both traditional markets and in creating new markets has brought dividends over the years. While the value of invoicing for boat exports in 1990 was around EUR 42 million, the corresponding figure for 2006 was EUR 239,8 million, in itself a remarkable increase of 22,4% when compared with 2005 (estimates supplied by industry enterprises). Customs' statistics for the year 2006 are available for the period January-October only and consequently the actual number of boats transhipped over the border is not yet known. For the period January-October, export statistics for the top ten destinations countrywise are as follows:

Country   Units   EUR (millions)
Great Britain   234   51,8
Norway   3655   44,2
Sweden   3800   42,7
USA   32   20,4
Greece   3   16,6
Russia   408   11,0
Germany   400   5,9
Italy   4   5,0
Cayman Islands   2   4,6
Denmark   294   4,0

Additionally, for the same ten-month period, export destinations valued at more than one million euros were France, Japan, Switzerland, Greenland, Georgia, Ireland, Estonia and the British Virgin Islands. In all, 10418 boats were exported to 34 countries during the period in question.

Boat imports

For boat imports also, customs' statistics are available for the period January-October only. Based on these figures, the value of boat imports for the period in question was EUR 36 million, about the same as for last year (boats valued below EUR 840 are excluded from this statistic). Import statistics with respect to the five main import sources for the period January-October are as follows:

Country   Units EUR (millions)
Germany   81 6,05
Sweden   394 5,13
USA   227 4,85
France   176 4,03
Great Britain   15 3,13

In addition to the above, the source country with imports valued at more than one million euros was Poland. In all, 2281 boats were imported during the period under review.

Engine sales

Based on wholesale delivery statistics, unit sales of outboard engines in 2006 increased by 5,38% to close at 28,774 units. In euro terms, the difference is greater as the trend to purchase larger engines continues. Engine deliveries to third countries, mainly Russia, have also increased and the re-export share of the total number of units sold was 4740 units (16,4%). In addition, prices have risen to some extent. The four-stroke engines and low-emission, 2-stroke engines share of total sales was approximately 68,6%. Of all size classes, the largest continues to be engines below 5 hp with a share of over 40% of the total. In all, 114 (-63,6%) petrol-driven, sterndrive engines were sold and 1220 diesel versions (+8%). The total sales of shaft-driven engines was 1045 (+7,7%), all of which were diesel.

When outboard engine sales are broken down by economic region, Uusimaa (including Helsinki) is the largest (5223 engines) followed by Varsinais-Suomi (2745) and Pirkanmaa (1823). The smallest region was Keski-Pohjanmaa (262).

Personal Water Craft

In 2006, 186 personal water craft were sold in Finland. This represents a sales growth of 1,1% over the previous year.
Net sales (millions) of Finnboat member enterprises in 2006 (VAT 0%) by sector was as follows (at manufacturer and importer prices):

Boats 116,9 (+14,2%) 239,8 (+22,4%)
Engines 82 (+13,1%) 12,7 (+69,3%)
Equipment 99,8 (23,7%) 22,3 (-10,1%)
Services etc.. 15,3 (-2,5%)  
Total 314 (+15,8%) 274,8 (+20,1%)
588,8 (+17,9%)

Industry prospects for 2007 remain good

At the beginning of January, Finnboat asked its members to respond to a few basic questions. We inquired about their plans with respect to turnover and labour requirements. Overall, it appears that 70% of industry enterprises have budgeted for an increase in turnover while 2,9% forecast a fall. As for personnel requirements, 38,5% plan to employ more workers while only 2,2% plan to decrease their workforce.

Turnover 2007   Previous year
Less than for 2006   2,9 % (4 %)
The same as 2006   27,1 % (32,5 %)
Greater than 2006   70 % (63,5 %)

Personnel 2007    
Less than for 2006   2,2 % (5 %)
The same as 2006   59,3 % (50,8 %)
Greater than 2006   38,5 % (44,2 %)

For further information, please contact:
Managing director Jouko Huju (, 040-5509310)
Marine Industries Federation Finnboat
Käenkuja 8 A 47, 00500 Helsinki
tel. 09-696 2160, fax 09-696 21611