Electrical fuses market in Finland

Earlier Report Observations

The market for electrical fuses in Finland experienced significant fluctuations between 2018 and 2023. After a decline from 6.5 million US dollars in 2018 to 5.9 million US dollars in 2020, the market size more than doubled, reaching 11.8 million US dollars by 2023. This strong growth phase was primarily driven by a substantial increase in import volumes, which rose from 9.2 million US dollars to 17.8 million US dollars over the period, while domestic production remained relatively stable.

In 2024, the market contracted to 10.4 million US dollars. During this year, the Finnish Ministry of Economic Affairs and Employment published announcements concerning the electricity market, indicating potential regulatory and policy updates that could affect related components like fuses. Concurrently, accelerating digitalization and shifts in consumer behavior, including the growth of e-commerce, began influencing distribution channels and demand patterns for electrical components within the country.

Production electrical fuses in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of electrical fuses was valued at 1 275 thousand US dollars, marking a slight decrease of 0.8% from the previous year. Over the period from 2017 to 2020, production grew by 4.9%, with an average annual growth rate of 1.6%. The lowest production value was recorded in 2018 at 1 187 thousand US dollars, while the highest was in 2019 at 1 285 thousand US dollars. The most significant decline occurred in 2018, with a drop of 2.3%, and the largest increase was in 2019, with a rise of 8.2%.

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

Exports electrical fuses from Finland

Exports in kind, t

The market showed an unstable trend over the observed period. The lowest export volume was recorded in 2019 at 43.7 tonnes, while the highest was in 2020 at 221.0 tonnes, resulting in a peak-to-trough ratio of 5.1 times. In 2020, exports of electrical fuses from Finland surged by 405.4% compared to 2019. The most substantial decline occurred in 2019, with a decrease of 69.4%.

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

From 2017 to 2020, the partner structure for exports in kind was fragmented, with no single country holding a dominant share. Estonia accounted for 23.8% of exports in kind, Italy for 13.5%, and Egypt for 6.4%, together making up only 43.7% of total 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

Cross-border shipments of electrical fuses from Finland increased for the second consecutive year. In 2020, export value reached 6 687 thousand US dollars, showing a steep improvement of 35.7% compared to 2019. Between 2017 and 2020, exports grew by 41.4%, equating to an annualized rate of 12.2%. The lowest value was recorded in 2018 at 3 901 thousand US dollars, with the largest decline that year at 17.5%.

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

The structure of exports in value terms from 2017 to 2020 indicates a diversified set of partners. Estonia contributed 23.6% of exports in value terms, Italy 11.2%, and Russia 8.4%, together accounting for only 43.2% of total flows. The remaining 56.8% was distributed among numerous smaller markets.

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

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

Imports electrical fuses to Finland

Imports in kind, t

Volatility characterized the market behavior during these years. The lowest import volume was recorded in 2019 at 42.4 tonnes, while the highest was in 2020 at 448.7 tonnes, resulting in a peak-to-trough amplitude of 13.2 times. In 2020, imports of electrical fuses to Finland surged by 958.3% compared to the previous year. The most significant decline occurred in 2019, with a drop of 88.5%.

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

From 2017 to 2020, Germany was the largest supplier of electrical fuses to Finland in kind, accounting for 27.0% of imports, followed by France at 17.3% and Sweden at 16.4%. Together, these three countries formed 60.8% of total imports in kind.

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 electrical fuses to Finland increased for the second consecutive year. In 2020, import value amounted to 11 266 thousand US dollars, reflecting a robust increase of 12.7% versus the previous year. Over the period from 2017 to 2020, imports grew by 4.8%, with an average annual growth rate of 1.6%. The lowest value was recorded in 2018 at 9 210 thousand US dollars, with the largest decline that year at 14.3%.

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

Throughout 2017 to 2020, the three largest markets for imports in value terms were France, Germany, and the United Kingdom, together accounting for 55.4% 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