Bending and folding machines market in Finland

Earlier Report Observations

The Finnish market for bending and folding machines experienced fluctuations between 2018 and 2020, influenced by technological advancements and the strategies of key players. Major manufacturers such as DAVI, MG, and CIDAN maintained their dominance through continuous innovation, while the growing adoption of automated and robotic bending systems prompted investments in new equipment. After a slight dip to 22 666 thousand USD in 2019, the market expanded to 24 620 thousand USD in 2020, as companies intensified investments in automation to enhance production flexibility.

A dramatic shift occurred in 2021, when the market size plummeted to 9 195 thousand USD. This contraction was driven by a surge in exports, which reached 22 258 thousand USD, fueled by technological breakthroughs and strong patent activity among Finnish manufacturers. The rise of CNC-controlled and robot-guided systems boosted international competitiveness, diverting output abroad. In subsequent years, import and export figures continued to reflect technological integration, with imports recovering to 15 767 thousand USD in 2023 and exports showing volatility amid evolving global trade conditions.

Production bending and folding machines in Finland

In value, 2017-2020, K $ US

Finland's production of bending and folding machines grew for two consecutive years before declining. In 2019, output reached its peak at 21 928 thousand US dollars. However, in 2020, production fell sharply to 18 656 thousand US dollars, marking a 14.9% decrease from the previous year. Over the entire 2017-2020 period, production increased by 28.3%, with an average annual growth rate of 8.7%. The most significant growth occurred in 2018, when output surged by 32.1%.

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

Exports bending and folding machines from Finland

Exports in kind, t

Export volumes of bending and folding machines from Finland showed considerable volatility. In 2018, exports peaked at 1 035 tonnes, but then plummeted to a low of 327 tonnes in 2019, representing a 68.4% decline. The following year, in 2020, exports rebounded sharply to 831 tonnes, a 154.0% increase compared to 2019. Overall, volumes varied by a factor of 3.2 between the high in 2018 and the low in 2019.

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

Between 2017 and 2020, Finland's exports of bending and folding machines in physical terms were distributed across multiple destinations rather than concentrated in a few key markets. Russia accounted for 11.9% of exports, the United Kingdom for 10.5%, and Germany for 10.0%. Together, these three countries represented just 32.4% of total export flows.

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, K $ US

In 2020, the value of bending and folding machines exported from Finland amounted to 11 143 thousand US dollars, a significant 23.3% decrease from the previous year. Over the 2017-2020 period, export values declined by 24.7%, with an average annual decrease of 9.0%. The largest increase occurred in 2019, when exports grew by 26.9%.

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

From 2017 to 2020, Finland's export structure in value terms was balanced, with no single country dominating. Russia was the top destination, accounting for 12.5% of export value, followed by Mexico at 8.8% and the United States at 8.7%. These three countries together represented 30.0% of total export flows, while the remaining 70.0% was spread across many other nations.

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

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

Imports bending and folding machines to Finland

Imports in kind, t

Import volumes of bending and folding machines into Finland exhibited extreme fluctuations. In 2019, imports hit their lowest point at just 12 tonnes, a 98.7% decline from the previous year. However, in 2020, imports skyrocketed to 1 402 tonnes, an astonishing 11,683.4% increase year-over-year. This created a massive gap of 118 times between the low in 2019 and the peak in 2020.

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

Between 2017 and 2020, Italy, Germany, and China were the leading suppliers of bending and folding machines to Finland in physical terms. Italy accounted for 39.0% of imports, Germany for 20.4%, and China for 12.3%. Combined, these three countries made up 71.7% of total import volumes.

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 bending and folding machines imported into Finland totaled 17 107 thousand US dollars, a notable 12.0% increase compared to 2019. Over the 2017-2020 period, import values rose by 37.3%, with an average annual growth rate of 11.1%. The largest increase occurred in 2018, at 25.3%, while the largest decline was in 2019, at 2.2%.

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

From 2017 to 2020, Italy, Germany, and France were the primary suppliers of bending and folding machines to Finland in value terms. Italy led with 43.0% of import value, followed by Germany at 18.0% and France at 10.0%. Together, these three countries accounted for 71.0% 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