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07.02.2014

Finnish marine industry turnover at previous year's level

Distinct growth in main export destinations Sweden and Norway despite a fall in total exports.

49% of Finnboat member enterprises forecast a growth in turnover for 2014 while 16% anticipate expanding their workforce. Total net sales of Finnboat members for 2013 (VAT 0%, based on ex-factory and import prices) was EUR 460,7 million, a decrease of 3,5% compared with the previous year.

Domestic boat sales

Turnover from trading on the domestic market remained at the previous year's level (i.e. EUR 104,0) at the close of 2013 (-0,1 %). Based on wholesale delivery statistics for smallcraft and motorboats, the breakdown was as follows (unit sales):

     
below 6 meters 6683 (-19,3 %)
6-8 m 553 (-2,6 %)
8-10 m 58 (+7,0 %)
over 10 m 28 (+16,6 %)

Statistics supplied by Finnboat's smallcraft and motorboat enterprises.

The total number of sailboats registered in Finland (over 20 feet) was 43, i.e. 45 % fewer than for 2012. Imported boats continue to dominate the market for sailboats with a share of over 95 %. Most yachts sold were in the size class 34-40 ft.

Boat exports

Based on data supplied by Finnboat members, the invoice value of boat exports for 2013 was EUR 149,7 million, down by 16,2 % compared with 2012. The export share of the Finnish marine industry's total output in 2013 increased slightly to 68 %. Of the 2013 export billing, the sailboat share was 31,9 %.

Customs' statistics for 2013 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 2396 37,7 (+12,9 %)
Sweden 2106 28,9 (+19,3 %)
Marshall Islands 2 11,9  
Russia 698 10,8 (-16,9 %)
USA 8 7,6 (+71,0%)
Germany 232 4,6 (+13,2 %)
Estonia 132 4,2  
Great Britain 38 2,8 (-11,5 %)
France 56 2,7 (+15,5 %)
Switzerland 92 2,6 (-76,0 %)

In addition, export destinations for the same ten-month period and valued at more than one million euros each were Greenland and the British Virgin Islands. In all, 6045 boats (+6,5 %) were exported to 33 countries during that same ten-month period.

Boat imports

Customs statistics for boat imports are available for the same January-October period. The value of imports was EUR 45,8 million (+43,3 %). Individual boats valued at less than EUR 840 were excluded from these statistics. Import figures for the top six source countries for January-October 2013 were as follows:

Country Units Euro(millions)  
Great Britain 42 8,1 (+82,1 %)
Sweden 67 2,7 (+8,67 %)
France 106 2,6 (-23,4 %)
Poland 103 1,89 (-14,0 %)
USA 123 1,38 (-14,1 %)
Germany 15 1,01 (-44,9 %)

Altogether, 1658 boats valued at EUR 45,8 million (+43,2 %) were imported during the period.

Wholesales deliveries of outboard engines

Altogether, 37,996 outboard engines (+7 %) were delivered to Finnish importers in 2013. Of these, 15,539 engines (-11,9 %) were supplied to the domestic market. Finnish importers continue to re-export engines to, among other destinations, Russia and the Baltic States. There have been no significant changes in distribution among the various size classes. The largest class is made up of engines below 15 hp, representing more than 60 % of the total.
The 2013 turnover (EUR millions, VAT 0%) of Finnboat member enterprises by sector (ex-factory and import prices):

  FINLAND   EXPORT  
BOATS 104 (- 0,1 %) 149,7 (-16,2 %)
ENGINES 58,4 (+11,5 % ) 22,2 (+64,4 %)
EQUIPMENT 77,6 (+2,7 %) 26,4 (+30,0 %)
SERVICES ETC. 21,7 (-33,4 %) 0,7 (+65,0 %)
TOTAL 261,7 (-1,1 %) 199,0 (-6,5 %)
MARINE INDUSTRY TOTAL EUR 460,7 million (-3,54 %)    

Industry prospects for 2014

At the beginning of January, Finnboat asked member companies to respond to a few basic questions about their plans with respect to turnover and workforce requirements.

Turnover 2014 Previous year
less than for 2013 14 % 13 %
the same as 2013 37 % 35 %
greater than 2013 49 % 52 %

Personnel 2014 Previous year
less than 2013 13% 9 %
the same as 2013 71 % 71 %
greater than 2013 16 % 20 %

Workers were laid-off during the year 2013 in 22 % 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
FI-00500 Helsinki
tel. +358 207 669 340, fax +358 207 669 346
www.finnboat.fi
@joukohuju

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