Cement, concrete or artificial stone articles market in Finland

Earlier Report Observations

From 2018 to 2020, the Finnish market for cement, concrete and artificial stone articles was characterized by the strong position of the sole domestic cement producer Finnsementti Oy and the presence of Scandinavian Cement Oy, a joint venture importing cement from Germany. The COVID-19 pandemic in 2020 disrupted construction sector demand and supply chains, contributing to a reduction in market value to $998 million.

Market value rebounded to $1 140 million in 2021 and reached $1 182 million in 2022. This recovery and growth were supported by the industry's shift toward low-carbon concrete, accelerated by the development of a classification system in 2021 and its formal launch in 2022. Stricter environmental regulations and ongoing investments in sustainable production processes further stimulated demand for these innovative products.

The market value then fell to $981 million in 2023 and dropped sharply to $716 million in 2024. In physical terms, the market volume also contracted from 4.2 million tonnes in 2021 to 3.7 million tonnes in 2023.

Production cement, concrete or artificial stone articles in Finland

In value, 2017-2020, M $ US

Finland's production of cement, concrete, and artificial stone articles declined for the second year in a row. In 2020, output was valued at 938 million US dollars, marking a moderate 4.1% decrease from the previous year. The largest decline occurred in 2019, at 8.1%, while the largest increase was recorded in 2018, at 11.7%. That year also saw the peak production value of 1 064 million US dollars.

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

Exports cement, concrete or artificial stone articles from Finland

Exports in kind, K t

Market performance showed noticeable fluctuations during this period. Exports peaked in 2018 at 90.9 thousand tonnes and hit their lowest point in 2017, with a 5.4-fold difference between these years. In 2020, Finland exported 24.9 thousand tonnes of cement, concrete, and artificial stone articles, representing a substantial 16.5% increase compared to 2019. The largest decline was recorded in 2019, at 76.5%, while the largest increase occurred in 2018, at 444.8%.

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

From 2017 to 2020, Sweden, Estonia, and Lithuania were the main destinations for Finland's exports of cement, concrete, and artificial stone articles in kind. Sweden accounted for 62.5% of exports, Estonia for 11.6%, and Lithuania for 8.4%, together making up 82.5% 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

The data reveals irregular changes, indicating a volatile market environment. Exports in value terms reached their maximum in 2018 at 30 600 thousand US dollars and fell to their lowest point in 2020 at 9 180 thousand US dollars, a difference of 3.3 times. In 2020, deliveries amounted to 9 180 thousand US dollars, which is 22.5% lower than in 2019. The largest decline was recorded in 2019, at 61.3%, while the largest increase occurred in 2018, at 211.4%.

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

From 2017 to 2020, Sweden, Estonia, and Lithuania remained the principal buyers of cement, concrete, and artificial stone articles from Finland in value terms. Sweden accounted for 58.6% of exports, Estonia for 10.6%, and Lithuania for 10.3%, jointly representing 79.5% of total export value.

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

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

Imports cement, concrete or artificial stone articles to Finland

Imports in kind, K t

In 2020, Finland's imports of cement, concrete, and artificial stone articles reached 145.9 thousand tonnes, indicating an uptick of 45.8% relative to the prior year. Over the period from 2017 to 2020, imports increased by 66.6%, with a compound annual growth rate (CAGR) of 18.5%. The largest decline was recorded in 2019, at 17.5%.

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

From 2017 to 2020, three principal markets—Estonia, Russia, and Sweden—together accounted for 84.9% of total imports in kind of cement, concrete, and artificial stone articles to Finland.

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

Cross-border shipments of cement, concrete, and artificial stone articles to Finland increased for the third consecutive year. In 2020, imports stood at 69 025 thousand US dollars, corresponding to a small increase of 0.6% year-over-year. Over the period from 2017 to 2020, imports increased by 78.8%, with a compound annual growth rate (CAGR) of 21.4%.

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

Throughout 2017 to 2020, the three largest markets—Estonia, Russia, and Germany—remained central to imports in value terms, together taking 80.2% 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