Agricultural and poultry machinery market in Finland

Earlier Report Observations

The Finnish agricultural and poultry machinery market grew from 473 million dollars in 2018 to 558 million dollars in 2019, primarily supported by state subsidies that increased demand from farmers. During this period, government-owned enterprises also contributed through research and development funding, enhancing the industry's productivity, while the entry of new players remained limited.

The market contracted to 489 million dollars in 2020 as the COVID-19 pandemic disrupted global supply chains and made consumers more cautious about large investments. In the following years, continued supply chain issues and rising raw material costs constrained market growth, but government policies promoting sustainable agriculture and the emergence of electric and hybrid machinery segments helped drive a modest recovery to 498 million dollars in 2021. Legislative changes in 2022 that advanced sustainable farming practices further supported demand, though ongoing global supply volatility led to a slight dip to 485 million dollars that year.

Market volume then increased to 523 million dollars in 2023 before falling to 477 million dollars in 2024, reflecting broader economic adjustments without specific reported driving events during these years.

Production agricultural and poultry machinery in Finland

In value, 2017-2020, M $ US

Finland's agricultural and poultry machinery production saw two consecutive years of growth before declining. In 2019, output reached its peak at 985.1 million US dollars, but then fell by 17.3% year-on-year to 815.0 million US dollars in 2020. Over the 2017-2020 period, production increased by 7.3%, with an average annual growth rate of 2.4%. The most significant increase occurred in 2018, when production rose by 14.0%.

Annual dynamics of production in Finland in value, 2017-2020, M $ US

Exports agricultural and poultry machinery from Finland

Exports in kind, t

After two years of growth, Finland's exports of agricultural and poultry machinery by volume declined. In 2019, exports peaked at 45 864 tonnes, but then dropped by 36.9% to 28 951 tonnes in 2020. Over the 2017-2020 period, exports increased by 13.1%, with an average annual growth rate of 4.2%. The largest increase was recorded in 2019, when exports surged by 45.7%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, Finland's export structure for agricultural and poultry machinery by volume was relatively balanced rather than concentrated. Russia accounted for 18.9% of exports, Sweden for 17.5%, and Germany for 10.1%, together representing 46.5% of total flows. The remaining 53.5% was distributed among many other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, M $ US

Following two years of growth, Finland's exports of agricultural and poultry machinery by value declined. In 2019, exports reached their highest point at 567.7 million US dollars, but then fell by 19.5% to 456.8 million US dollars in 2020. Over the 2017-2020 period, exports increased by 8.2%, with an average annual growth rate of 2.6%. The most significant increase occurred in 2018, when exports rose by 24.2%.

Annual dynamics of product's exports from Finland in value, 2017-2020, M $ US

From 2017 to 2020, Finland's export structure for agricultural and poultry machinery by value was broad. Russia accounted for 19.3% of exports, Sweden for 16.8%, and Germany for 10.3%, together contributing 46.4% of total exports. Many other countries held smaller but notable shares in the remaining portion.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports agricultural and poultry machinery to Finland

Imports in kind, t

Finland's imports of agricultural and poultry machinery by volume increased sharply in 2020, rising by 28.7% to 11 271 tonnes compared to the previous year. Over the 2017-2020 period, imports grew by 39%, with an average annual growth rate of 11.6%. The largest decline occurred in 2019, when imports decreased by 0.9%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Sweden, Denmark, and Germany were the largest sources of Finland's agricultural and poultry machinery imports by volume. Sweden accounted for 33.9% of imports, Denmark for 16.1%, and Germany for 13.5%, together comprising 63.5% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, M $ US

After two years of growth, Finland's imports of agricultural and poultry machinery by value declined. In 2019, imports peaked at 141.0 million US dollars, but then dropped by 7.0% to 131.0 million US dollars in 2020. Over the 2017-2020 period, imports increased by 21.4%, with an average annual growth rate of 6.7%. The largest increase was recorded in 2018, when imports rose by 21.8%.

Annual dynamics of product's imports to Finland in value, 2017-2020, M $ US

From 2017 to 2020, Sweden, Denmark, and Germany consistently remained the main sources of Finland's agricultural and poultry machinery imports by value. Sweden accounted for 36.8% of imports, Denmark for 19.6%, and Germany for 11.1%, together making up 67.5% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020