Electric heating resistors market in Finland

Earlier Report Observations

From 2018 to 2024, the value of electric heating resistor production in Finland showed a notable upward trajectory, peaking at 84.5 million US dollars in 2023 after starting at 37.6 million in 2018. This growth in output value was accompanied by a strong expansion in export value, which rose from 32.7 million to 70.1 million US dollars over the same peak period. Meanwhile, the domestic market's value experienced fluctuations, reaching its highest point of 37.6 million US dollars in 2023 after a period of variability from 2018 onwards.

In physical terms, market volume measured in metric tons revealed a contrasting trend. Available data from 2020 to 2023 shows domestic production volume increased steadily from 1,137 to 1,525 tons. However, the total physical size of the domestic market contracted sharply during this time, falling from 1,347 to 564 tons. This decline coincided with a substantial rise in export volumes, which more than doubled from 782 to 1,700 tons.

The period was characterized by a shift in the industry's focus towards external markets. As export volumes and values grew significantly, the volume of goods available for domestic consumption diminished. The value of the domestic market eventually recovered to its 2023 peak, but this was against a backdrop of a much smaller physical market, indicating potential changes in product mix or pricing.

Production electric heating resistors in Finland

In value, 2017-2020, K $ US

Finland's production of electric heating resistors declined after two years of growth. In 2020, output was valued at 34 471 thousand US dollars, representing a 1.6% increase compared to 2019. Over the period from 2017 to 2020, production rose by 6.5%, with an average annual growth rate of 2.1%. The highest value was recorded in 2019 at 38 231 thousand US dollars, while the largest increase occurred in 2018 with a 16.3% rise.

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

In kind, 2017-2020, t

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports electric heating resistors from Finland

Exports in kind, t

Market performance showed significant fluctuations during this period. In 2019, Finland's exports of electric heating resistors reached their lowest point at 26 tonnes, before surging to 782 tonnes in 2020—a dramatic increase of 2,906.4% compared to the previous year. The peak was recorded in 2018 at 929 tonnes. The most substantial decline occurred in 2019, with a drop of 97.2%.

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

From 2017 to 2020, Sweden, Germany, and Switzerland remained the primary buyers of electric heating resistors from Finland, accounting for 25.8%, 23.1%, and 16.2% of exports in kind, respectively. Together, these three countries represented 65.0% of total exports in kind.

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 export volume of electric heating resistors declined. In 2020, exports totaled 30 287 thousand US dollars, showing a modest decrease of 8.8% compared to 2019. Between 2017 and 2020, exports increased by 12.5%, equivalent to an annualized growth rate of 4.0%. The highest value was recorded in 2019 at 33 204 thousand US dollars, while the largest increase occurred in 2018 with a 21.6% rise.

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

Throughout 2017 to 2020, Switzerland, Germany, and Sweden formed the core group of markets for Finland's exports in value terms, accounting for 25.8%, 23.0%, and 14.9% of exports, respectively. Together, these three countries represented 63.7% of total export flows.

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

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

Imports electric heating resistors to Finland

Imports in kind, t

The market exhibited volatility over the observed period. In 2019, imports reached their lowest point at 33 tonnes, before climbing to 992 tonnes in 2020—a sharp increase of 2,917.3% compared to the previous year. The peak was recorded in 2017, with a 33-fold difference between the high of 2017 and the low of 2019. The most significant decline occurred in 2019, with a drop of 96.8%.

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

The market base for imports in kind from 2017 to 2020 was diverse, with Poland, Germany, and Turkey accounting for 23.4%, 12.1%, and 11.2% of imports, respectively. Together, these three countries represented just 46.7% of total flows, while the remaining 53.3% was distributed among numerous other countries.

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

After two years of growth, Finland's import volume of electric heating resistors declined. In 2020, imports were recorded at 24 507 thousand US dollars, reflecting a gradual decrease of 5.0% compared to 2019. Between 2017 and 2020, imports increased by 3.8%, equivalent to an annualized growth rate of 1.3%. The highest value was recorded in 2019 at 25 787 thousand US dollars, while the largest increase occurred in 2018 with a 5.6% rise.

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

From 2017 to 2020, imports in value terms were distributed across a wide range of partner countries. Poland, Germany, and Norway accounted for 17.1%, 16.0%, and 10.4% of imports, respectively. Together, these three countries represented just 43.6% 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