Electrical push-button and rotary switches market in Finland

Earlier Report Observations

The market for electrical push-button and rotary switches in Finland showed varied performance from 2018 to 2022. Market size grew from 80.5 million USD in 2018 to a peak of 98.2 million USD in 2022, despite a temporary dip to 77.4 million USD in 2019. Over the same period, domestic production increased from 128.9 million USD to 148.0 million USD, indicating a general expansion of manufacturing activity.

In 2023, significant updates to electricity sector regulations, including revisions to the Electricity Market Act and the application of Government Decree 1434/2016 on electrical installations, introduced new standards for electrical work and equipment. These regulatory changes supported a continued rise in domestic switch production, which reached 150.6 million USD, while the market size remained stable at 97.5 million USD.

The market dynamics shifted notably in 2024. Legislative reforms aimed at promoting clean-energy investments, coupled with the implementation of stricter system-technical requirements for power plants and electricity storage facilities, drove a substantial increase in production, which surged to 185.8 million USD. This growth in output was accompanied by a decline in imports, leading to a contraction of the domestic market size to 84.4 million USD.

Production electrical push-button and rotary switches in Finland

In value, 2017-2020, M $ US

Finland's production of electrical push-button and rotary switches declined after two years of growth. In 2020, output was valued at 137.9 million US dollars, marking a slight year-on-year decrease of 1.5%. Production increased by 20.1% between 2017 and 2020, equivalent to an annualized growth rate of 6.3%. The highest production value was recorded in 2019 at 140.0 million US dollars, with the largest annual increase occurring in 2018 at 12.2%.

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

Exports electrical push-button and rotary switches from Finland

Exports in kind, t

The market showed an unstable trend over the period. Exports reached their lowest point in 2019 at 75 tonnes, then peaked in 2018 at 3 136 tonnes, representing a 42-fold difference between these years. In 2020, exports from Finland amounted to 3 030 tonnes, a sharp increase of 3 917.1% compared to 2019. The largest decline was recorded in 2019 at 97.6%.

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

Between 2017 and 2020, the structure of exports in kind revealed a diversified set of trading partners. The United States accounted for 18.1% of exports, Italy for 10.5%, and Russia for 6.8%. Together, these three countries represented just 35.4% of total export flows, while the remaining 64.6% was distributed among numerous smaller markets.

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, M $ US

After two years of growth, exports of electrical push-button and rotary switches from Finland declined. In 2020, exports amounted to 124.5 million US dollars, indicating a moderate decrease of 7.4% compared to the previous year. Between 2017 and 2020, exports increased by 16.1%, equivalent to an annualized growth rate of 5.1%. The highest export value was recorded in 2019 at 134.5 million US dollars, with the largest annual increase occurring in 2018 at 19.6%.

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

From 2017 to 2020, the United States was the largest buyer of electrical push-button and rotary switches from Finland, accounting for 21.1% of exports in value terms, followed by Italy at 7.7% and Russia at 6.8%. However, even combined, these three countries represented just 35.5% of total export value, highlighting a broadly diversified partner base.

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 push-button and rotary switches to Finland

Imports in kind, t

The market exhibited volatility during these years. Imports reached their lowest point in 2019 at 132 tonnes, while the highest volume was recorded in 2017, with a peak-to-trough ratio of 7.7 times. In 2020, imports into Finland amounted to 913 tonnes, corresponding to a steep increase of 590.8% compared to the previous year. The largest decline was recorded in 2019 at 86.4%.

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

Between 2017 and 2020, the country breakdown of imports in kind showed a scattered distribution. Germany accounted for 26.9% of imports, China for 12.6%, and Italy for 7.7%. Together, these three countries represented just 47.3% of total import flows, with no single partner emerging as clearly dominant.

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, M $ US

Imports of electrical push-button and rotary switches into Finland declined for the second consecutive year. In 2020, imports amounted to 67.4 million US dollars, down by 6.1% compared to 2019. Between 2017 and 2020, imports decreased by 9.6%, equivalent to an annualized decline of 3.3%. The highest import value was recorded in 2018 at 79.8 million US dollars. The largest annual decline occurred in 2019 at 9.9%, while the largest increase was in 2018 at 6.9%.

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

From 2017 to 2020, the country breakdown of imports in value terms remained scattered. Germany accounted for 33.9% of imports, China for 8.6%, and France for 5.6%. Together, these three countries represented just 48.1% of total import flows, with no partner standing out as clearly dominant.

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

World map of product's imports to Finland in value, 2017-2020