Domestic appliances with self-contained motor market in Finland

Earlier Report Observations

The market for domestic appliances with self-contained motor in Finland expanded significantly from 2018 to 2021, with its size growing by over 40% to reach 63 376 thousand US dollars. This period of growth was interrupted by a contraction in 2022 and 2023, bringing the market value down to 54 936 thousand US dollars.

A modest recovery to 55 978 thousand US dollars occurred in 2024. This stabilization coincided with key global industry developments, including the launch of AI-powered home appliances by major manufacturers like Samsung and Haier, which enhanced product appeal through smart connectivity and energy efficiency. These innovations, alongside a broader market trend toward IoT-integrated and sustainable designs, contributed to renewed consumer interest.

Production domestic appliances with self-contained motor in Finland

In value, 2017-2020, K $ US

Finland's production of domestic appliances with self-contained motors has grown for the third consecutive year. In 2020, output reached 9 889 thousand US dollars, marking a 13.6% increase compared to 2019. Over the 2017-2020 period, production surged by 154.9%, with a compound annual growth rate of 36.6%.

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

Exports domestic appliances with self-contained motor from Finland

Exports in kind, t

Export volumes showed significant volatility during this period. They reached their lowest point in 2019 at 10 tonnes, then climbed to 70 tonnes in 2020, representing an abrupt 588.0% increase from the previous year. The market experienced its largest decline in 2019 at 84.5%, with volumes peaking in 2017 and dropping to their minimum in 2019, showing an 8.2-fold shift between these extremes.

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

From 2017 to 2020, Estonia, Sweden, and Russia were the primary buyers of Finland's domestic appliances with self-contained motors in volume terms. Estonia accounted for 32.5% of exports, Sweden for 29.6%, and Russia for 12.1%. Together, these three markets represented 74.2% of Finland's total export volumes.

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

After two years of growth, Finland's exports of domestic appliances with self-contained motors declined in 2020. Export value reached 2 070 thousand US dollars, representing a significant 24.6% decrease from the previous year. The maximum value was recorded in 2019 at 2 747 thousand US dollars, with the largest annual increase occurring in 2018 at 17.1%. Over the 2017-2020 period, exports grew by 3.3%, with a compound annual growth rate of 1.1%.

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

Throughout 2017-2020, Estonia, Sweden, and Russia formed the core markets for Finland's exports of domestic appliances with self-contained motors in value terms. Estonia represented 33.7% of export value, Sweden 17.5%, and Russia 15.6%. Together, these three countries accounted for 66.8% of Finland's 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 domestic appliances with self-contained motor to Finland

Imports in kind, t

Import volumes displayed irregular changes, indicating a volatile market environment. They fell to their lowest point in 2019 at 61 tonnes, then surged to 3 460 tonnes in 2020, representing a dramatic 5,574.7% increase from the previous year. The largest decline occurred in 2019 at 96.9%, with volumes peaking in 2020 and reaching their minimum in 2019, showing a 57-fold amplitude between these years.

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

From 2017 to 2020, three main markets—China, Sweden, and Germany—together accounted for 84.2% of Finland's total import volumes of domestic appliances with self-contained motors.

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, Finland's imports of domestic appliances with self-contained motors reached 44 473 thousand US dollars, up 13.0% from the previous year. The largest decline occurred in 2019 at 1.5%. Over the 2017-2020 period, imports increased by 17.4%, with a compound annual growth rate of 5.5%.

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

From 2017 to 2020, China, Germany, and Sweden consistently remained the main sources for Finland's imports of domestic appliances with self-contained motors in value terms. China accounted for 42.9% of import value, Germany for 20.9%, and Sweden for 11.6%. Together, these three countries represented 75.4% of Finland's 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