Fittings for buildings market in Finland

Earlier Report Observations

The market for base metal fittings for buildings in Finland contracted significantly between 2018 and 2024, falling from 46 286 thousand US dollars to 29 480 thousand. This overall decline included a temporary rebound in 2021 and 2022, when market size recovered to above 42 000 thousand dollars, before a sharp drop in 2023.

A notable downturn occurred from 2022 to 2023, with the market losing over 13 000 thousand dollars in value. The decline continued into 2024, reaching 29 480 thousand dollars, marking a period of sustained reduction in market volume for these construction-related products.

In 2024, the broader Finnish construction sector was estimated at 40.54 billion dollars, influenced by stricter energy efficiency standards and the adoption of digital tools like Building Information Modeling. These regulatory and technological shifts in construction provided a contrasting context to the continued decrease in the specific market for base metal building fittings.

Production fittings for buildings in Finland

In value, 2017-2020, K $ US

Finland's production of building fittings declined for the second consecutive year. In 2020, output was valued at 16 484 thousand US dollars, marking a 22.0% decrease from the previous year. Over the period from 2017 to 2020, production fell by 19%, with an annualized decline rate of 6.8%. The highest value was recorded in 2018 at 23 735 thousand US dollars, which also saw the largest increase of 16.6%.

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

In kind, 2017-2020, t

Finland's production volume of building fittings decreased for the second year in a row. In 2020, 1 627 tonnes were produced, representing a significant drop of 56.6% compared to the previous year. From 2017 to 2020, production declined by 71.9%, equating to an annualized rate of 34.5%. The peak volume was in 2018 at 5 824 tonnes, with the largest increase that year at 0.7%.

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

Exports fittings for buildings from Finland

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. From 2019 to 2020, exports experienced a dramatic swing, with a 17-fold difference between the low and high points. In 2020, Finland exported 622 tonnes of building fittings, a remarkable year-over-year increase of 1,621.9%. The lowest value was recorded in 2019 at 36 tonnes, which also saw the largest decline of 94.0%.

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

Between 2017 and 2020, Sweden, Estonia, and the United Kingdom were the main markets for Finland's exports of building fittings in volume terms. Sweden accounted for 22.5% of exports, Estonia for 18.9%, and the United Kingdom for 11.6%, together making up 53.0% 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

Finland's exports of building fittings increased for the third consecutive year. In 2020, exports reached 10 189 thousand US dollars, up 1.8% from 2019. Over the period from 2017 to 2020, exports grew by 15.8%, with an annualized growth rate of 5.0%.

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

From 2017 to 2020, Sweden, Estonia, and Russia were the largest buyers of building fittings from Finland in value terms, though not dominant. Sweden represented 19.8% of exports, Estonia 17.1%, and Russia 9.7%, collectively accounting for 46.6% of total export value amid a diverse range of smaller partners.

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

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

Imports fittings for buildings to Finland

Imports in kind, t

Market performance showed noticeable fluctuations during this period. Imports peaked in 2017 and fell to their lowest point in 2019, with a 46-fold difference between these years. In 2020, imported volumes of building fittings in Finland amounted to 2 814 tonnes, a substantial increase of 3,966.8% from 2019. The minimum value was in 2019 at 69 tonnes, which also experienced the largest decline of 97.7%.

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

Over the period from 2017 to 2020, China, Sweden, and Germany were the top contributors to Finland's imports of building fittings in volume terms. China accounted for 43.5% of imports, Sweden for 12.2%, and Germany for 11.6%, together representing 67.3% of total import flows.

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

Finland's imports of building fittings declined for the second consecutive year. In 2020, imports were valued at 28 434 thousand US dollars, 8.3% lower than in 2019. From 2017 to 2020, imports decreased by 2.8%, with an annualized decline rate of 1.0%. The highest value was recorded in 2018 at 32 149 thousand US dollars, which also saw the largest increase of 9.8%.

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

Between 2017 and 2020, China, Germany, and Sweden were the main sources in the geographical breakdown of Finland's imports of building fittings in value terms. China accounted for 33.1% of imports, Germany for 18.4%, and Sweden for 13.6%, with a combined share of 65.0% of total import flows.

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

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