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10.02.2012

MARINE INDUSTRY TURNOVER CONTINUES GROWTH TREND

Some 43% of Finnboat member enterprises forecast an increase in turnover for 2012 with 13% indicating they intend to increase their workforce. Aggregate 2011 net sales for Finnboat members amounted to EUR 548,5 mil-lion, a growth of 8,9% when compared with the previous year (VAT 0%, based on ex-factory and import prices).

Domestic boat sales

Turnover from trading on the domestic market increased during 2011 to reach EUR 131,3 million by year end (+5,9%). In the light of wholesale delivery statistics, the situation for smallcraft and motorboats was as follows (in unit terms):

    units   %
below 6 meters   7621   (-3,9 %)
6-8 m   672   (+3,0 %)
8-10 m   89   (-9,0 %)
over 10 m   30   (-16,6 %)
         

(Statistics supplied by Finnboat's smallcraft and motorboat enterprises.)

Based on information supplied by Finnboat members, the total number of sailboats (i.e. those over 20 feet) sold in Finland was 90, i.e. 15.4% more than for 2010. Imported boats continue to dominate the domestic market for sailboats with a share of 93%. Most boats sold were in the 34-40 ft. class (i.e. 43 units).

Boat exports

The invoicing value of exports for the year 2011, based on information provided by Finnboat enterprises, was EUR 184 million. This represented an increase of 14,5% when compared with 2010. The share of exports from the total production of the Finnish marine industry increased slightly in 2011 to 64,4%. Of the 2011 export billing, the sailboat share was 36%.

Customs' statistics are available for the January-October 2011 period only and therefore the actual number of boats transhipped across the border is not yet known for the year as a whole. Figures for the January-October period indicate that the top ten export destinations were as follows:

Country     Units   € value (millions)
Great Britain     69   63,6 (+305,0 %)
Sweden     2081   42,7 (-11,5 %)
Norway     2593   35,7 (+3,8 %)
Russia     580   14,2 (+187,7 %)
British Virgin Islands     1   12,0
Italy     6   3,8 (-64,0 %)
Germany     247   3,6 (+5,5 %)
France     62   3,2 (+48,1 %)
USA     12   2,7 (+507,0 %)
Greenland     33   2,3 (-7,4 %)

In addition to the above countries, export destinations valued at more than one million euros each were India, Spain and Switzerland. A total of 6373 boats (-6.8 %) were exported to 43 countries during the same ten-month period.

Boat imports

With respect to boat imports also, customs statistics were available only for the January-October period. Accordingly, the value of imports for the period in question was EUR 38 million (+32,6%) (boats valued at less than EUR 840 were excluded from these statistics). Import figures for the top six source countries for January-October were as follows:

Country     Units   Euro (millions)
Great Britain     60   13,5 (+670,0 %)
France     47   5,5 (+89,0 %)
Poland     367   1,9 (+351,0 %)
Sweden     118   1,7(-54,4 %)
USA     235   1,5 (-10,3 %)
Germany     13   1,3 (+53,0 %)

In all, 1841 boats (including inflatables) were imported during the period (+32,6%).

Wholesale deliveries of outboard engines

Altogether, 35,490 engines were delivered to Finnish importers (+43,1%). Of these, 17,643 were supplied to the domestic market (Finnish importers continue to re-export engines to, among other destinations, Russia and the Baltic States). This indicates a growth of 16,4% compared with the previous year. There have been no significant changes in the distribution among the various size classes. The largest class is made up of engines below 15 hp, representing a share of the total of more than 60%.

When outboard engine sales are broken down by economic region, the Province of Uusimaa (incl. Helsinki) is once again the largest (3299) followed by Varsinais-Suomi (1743) and Etelä-Karjala (1637). The smallest region was Keski-Pohjanmaa (153).

The 2011 turnover (EUR millions) of Finnboat member enterprises by sector (ex-factory and import prices):

      Finland Export
Boats     131,3 (+ 5,9 %) 184,0 (+14,5 %)
Engines        66,2 (+3,7 % )    20,8 (+89,3 %)
Equipment     101,6 (+7,1 %)    17,8 (- 10,6 %)
Services etc.     26,0 (-8,2 %)    0,7 (- 33,6 %)
TOTAL     325,1 (+ 4,5 %) 223,4 (+ 15,9 %)

MARINE INDUSTRY TOTAL € 548,5 (+8,9 %)

Industry prospects for 2012

At the beginning of January, Finnboat requested members to respond to a few basic questions. They were asked what their plans were with respect to turnover and labour requirements.

Finnboat members' questionnaire in January 2012

Turnover   2012   Previous year
less than for 2011   14 %   (3 %)
the same as 2011   43 %   (31 %)
greater than 2011   43 %   (66 %)

Personnel   2012   Previous year
less than 2011   11 %   (6 %)
the same as 2011   76 %   (64 %)
greater than 2011   13 %   (30 %)

Personnel lay-offs were implemented in 19% of responding enterprises.

For more details, please contact:
Managing director Jouko Huju
, 040-5509310
Finnish Marine Industries Federation Finnboat ry
Käenkuja 8 A 47
00500 Helsinki
Tel: 0207 669 341, fax 0207 669 346
www.finnboat.fi

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