Earlier Report Observations
The Finnish ballast market contracted sharply from 20 756 тыс. $ in 2018 to 12 290 тыс. $ in 2020, driven primarily by the ongoing consumer shift toward energy-efficient LED lighting, which reduces demand for traditional ballasts. The COVID-19 pandemic in 2020 further affected consumer spending, contributing to market stabilization at that level.
After a temporary recovery to 16 641 тыс. $ in 2021, the market volume fell dramatically to 6 601 тыс. $ in 2022 and continued declining to 3 804 тыс. $ by 2024. The long-term transition to LED technology remained the dominant factor eroding demand for discharge lamp ballasts throughout the period.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Finland
- 5.1.1. In value, 2018-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, K $ US
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5.1. Production in Finland
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K unit
- 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K unit
- 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K unit
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/unit
- 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/unit
- 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/unit
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K unit
- 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K unit
- 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K unit
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/unit
- 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/unit
- 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/unit
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6.1. Imports (Direct Data)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, K unit
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, K unit
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production ballasts for discharge lamps and tubes in Finland
In value, 2017-2020, K $ US
Finland's production of ballasts for discharge lamps and tubes has declined for three consecutive years. In 2020, output was valued at 1 334 thousand US dollars, showing a modest year-over-year decrease of 6.9%. From 2017 to 2020, production fell by 78.4%, which translates to an annualized decline rate of 40.0%.
Annual dynamics of production in Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (58.2%) | (44.5%) | (6.9%) | (40.0%) |
Exports ballasts for discharge lamps and tubes from Finland
Market analysis indicates that Finland did not export any ballasts for discharge lamps and tubes between 2017 and 2020.
Imports ballasts for discharge lamps and tubes to Finland
Imports in kind, K unit
The market showed an unstable trend during this period. Imports reached their lowest point in 2019 at 14 thousand units, while the peak was recorded in 2018 at 1 902 thousand units, resulting in a 140-fold difference. In 2020, Finland imported approximately 1 578 thousand units, representing a dramatic increase of 11,543.9% compared to 2019. The largest decline occurred in 2019, with a drop of 99.3%.
Annual dynamics of product's imports to Finland in kind, 2017-2020, K unit
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 35.2% | (99.3%) | 11 543.9% | 3.9% |
From 2017 to 2020, China and Italy together accounted for 84.4% of total imports in volume, with the remaining share distributed thinly across other markets.
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, K $ US
In 2020, the value of imported ballasts for discharge lamps and tubes in Finland was 10 956 thousand US dollars, reflecting a slight increase of 1.8% from the previous year. Over the 2017-2020 period, imports decreased by 23.5%, with a compound annual growth rate of -8.6%. The lowest value was recorded in 2019 at 10 762 thousand US dollars, while the highest was in 2018 at 18 177 thousand US dollars. The largest decline occurred in 2019, falling by 40.8%, and the largest increase was in 2018, rising by 26.9%.
Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 26.9% | (40.8%) | 1.8% | (8.6%) |
From 2017 to 2020, the main suppliers of ballasts for discharge lamps and tubes to Finland in value terms were Estonia (35.2% of imports), Italy (26.4%), and China (25.3%). Together, these three countries accounted for 86.8% of total import value.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Finland in value, 2017-2020
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