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08.02.2013

SLIGHT DOWNTURN IN MARINE INDUSTRY TURNOVER. BOAT EXPORTS AT PREVIOUS YEAR'S LEVEL. RECORD NUMBER OF NEW PRODUCTS ON SHOW.

52 % of Finnboat's member enterprises forecast an increase in turnover for the year 2013 while 20 % anticipate expanding their workforce. Total net sales of Finnboat members for 2012 (VAT 0%, based on ex-factory and import prices) was EUR 477,6 million, a decrease of 14,9 % compared with the previous year.

PRESS RELEASE 8.2.2013
Free for publication at 10.00 hrs on 8.2. 2013

Domestic boat sales

Turnover from trading on the domestic market fell to EUR 104,1 million by the close of 2012 (-20,7 %). Based on wholesale delivery statistics, the breakdown for small craft and motorboats was as follows (unit sales):

below 6 meters 8289 (+9 %)
6-8 m 568 (-15 %)
8-10 m 54 (-36 %)
over 10 m 28 (+33 %)

Statistics were supplied by Finnboat's small craft and motorboat enterprises.

The total number of sailboats registered in Finland (i.e. boats over 20 feet) year 2012 comprised 79, i.e. 14 % fewer than for 2011. Imported boats continue to dominate the market for sailboats with a share of 93 %. Most boats sold were in the size class 34-40 ft.

In 2012, altogether 3926 boats (-13,4 %)(i.e. those fitted with over 20 hp engines or are more than 5,5m long) were recorded in the official boat register which is maintained by public registrars nationwide.

Boat exports

Based on data supplied by Finnboat enterprises, the invoicing value of exports for 2012 was EUR 178,7 million, a decrease of 2,9 % compared with 2011. The share of exports from the Finnish marine industry's total output in 2012 increased slightly to 71,3 %. Of the 2012 export billing, the sailboat share was 35,7 %.

Customs' statistics for 2012 are available for the January-October 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 Euro (millions)  
Norway 2120 33,4 (-6,4 %)
Sweden 1633 24,3 (-43,0 %)
British Virgin Islands 6 16,9  
Russia 589 13,0 (-8,2 %)
Switzerland 62 11,0  
Cayman Islands 1 8,6  
Netherlands 57 5,8 (+913,0 %)
USA 31 4,5 (+63,0 %)
Germany 242 4,1 (+10,1 %)
Italy 4 3,5 (-9,4 %)

In addition, export destinations for the same ten-month period and valued at more than one million euros each were France, Great Britain, Greenland, Estonia and the Czech Republic. A total of 5673 boats (-12,3 %) were exported to 38 different countries during that same ten-month period.

Boat imports

Customs' statistics for boat imports are available only for the same January-October period. The value of imports for the period in question was EUR 32 million (-15,8 %). Boats valued at less than EUR 840 each were excluded from these statistics. Import figures for the top six source countries for January-October 2012 were as follows:

Country Units Euro (millions)  
Great Britain 9 4,6 (-66,0 %)
France 27 3,4 (-38,0 %)
Sweden 71 2,5 (+52,0 %)
Poland 127 2.2 (+15,9 %)
Germany 23 1,8 (+41,0 %)
USA 215 1,6 (+ 4,5 %)

In all, 2072 boats (including inflatables) were imported during the above-mentioned period (+12,5 %).

Wholesale deliveries of outboard engines

Altogether, 26746 outboard engines were delivered from Finnish importers in 2012 (-24,6 %). Of these, 16180 were supplied to the domestic market (Finnish importers continue to re-export engines to eg. Russia and the Baltic States). This represents a decrease of 8,2 % 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 more than 60 % of the total.

When outboard engine sales are broken down by economic region, the Province of Uusimaa (incl. Helsinki) is once again the largest (2679) followed by Varsinais-Suomi (1803) and Etelä-Karjala (1684). The smallest region was Keski-Pohjanmaa (75).

The 2012 turnover (EUR millions, VAT 0%) of Finnboat member enterprises by sector (ex-factory and import prices):

  Finland   Export  
Boats 104,1 (-20,7 %) 178,7 (-2,9 %)
Engines 52,4 (- 20,8% ) 13,5 (-35,2 %)
Equipment 75,6 (- 25,6 %) 20,3 (+13,8 %)
Services etc. 32,6 (+6,6 %) 0,4 (-42,0 %)
Total 264,7 (-19,4 %) 212,9 (-5,4 %)
MARINE INDUSTRY TOTAL EUR 477,6 million (-14,9 %).    

Industry prospects for 2013

At the beginning of January, Finnboat asked members what their plans were with respect to turnover and labour requirements for the year 2013.

Turnover 2013 Previous year
less than for 2012 13 % (14 %)
the same as 2012 35 % (43 %)
greater than 2012 52 % (43 %)

Personnel 2013 Previous year
less than 2012 9 % (11 %)
the same as 2012 71 % (76 %)
greater than 2012 20 % (13 %)

Workers were laid-off in 25% of responding enterprises.

For further information please contact:
CEO Jouko Huju
, tel. +358-40-550 9310
Finnish Marine Industries Federation Finnboat
Käenkuja 8 A 47
00500 Helsinki
tel. +358-207 669 340, fax 207 669 346
www.finnboat.fi

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