Earlier Report Observations
The Finnish market for base metal furniture fittings displayed considerable volatility from 2018 to 2024. Consumption volume dropped to 3 570 t in 2019 before a strong recovery cycle saw it rise consistently, reaching a peak of 6 416 t in 2022. This upward trajectory was sharply reversed in the following two years, with the market contracting to 4 247 t by 2024.
The market decline from 2023 coincided with global increases in the cost of raw materials like metals and wood, which elevated production expenses. This period also saw Finnish consumer preferences align with broader European trends, shifting demand towards sustainable materials and fittings for modular furniture, which impacted overall market volume.
Concurrent industry developments included a growing focus on integrating recycled metals and IoT-enabled functionality into furniture fittings, reflecting an evolution in product offerings even as the total market size decreased.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2024
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4.1.2. In value
- 4.1.2.1. Production, 2018-2024
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2024
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Finland
- 5.1.1. In kind, 2018-2024, kg
- 5.1.2. In value, 2018-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, kg
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Finland
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production furniture fittings in Finland
In value, 2017-2020, K $ US
The market displayed an unstable trend throughout the period. Production reached its lowest point in 2017 and peaked in 2018, with a 217-fold difference between these years. In 2020, furniture fittings output in Finland was valued at 894 K $ US, marking a moderate decline of 7.8% from 2019. The highest value was recorded in 2018 at 1 154 K $ US. The largest decrease occurred in 2019, falling by 15.9%, while the most significant increase was in 2018, surging by 21 608.9%.
Annual dynamics of production in Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 21 608.9% | (15.9%) | (7.8%) | 452.1% |
In kind, 2017-2020, kg
Finland's furniture fittings production volume declined for the second consecutive year. In 2020, 4 120 kg of furniture fittings were produced in Finland, showing an abrupt drop of 25.2% compared to the previous year. Over the period from 2017 to 2020, production decreased by 48.3%, with a compound annual growth rate (CAGR) of -19.8%.
Annual dynamics of production in Finland in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | (31.0%) | (25.2%) | - |
Exports furniture fittings from Finland
Exports in kind, t
The market showed signs of volatility over the observed period. The lowest volume occurred in 2019, while the highest stood in 2020, with a peak-to-trough ratio of 49 times. Finland exported 499 t of furniture fittings in 2020, indicating a sudden rise of 4 824.5% from a year earlier. The minimum value was recorded in 2019 at 10 t. The largest decline was recorded in 2019, falling by 97.7%.
Annual dynamics of product's exports from Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.2%) | (97.7%) | 4 824.5% | 3.6% |
From 2017 to 2020, Estonia remained the dominant partner for exports in kind of furniture fittings from Finland, accounting for 73.2% of total flows, while other markets formed a long tail.
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
In 2020, Finland's volume of furniture fittings exports stood at 2 956 K $ US, showing a moderate increase of 8.7% compared to 2019. Over the period from 2017 to 2020, exports increased by 11.5%, with a compound annual growth rate (CAGR) of 3.7%. The largest decline was recorded in 2019, decreasing by 5.2%.
Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.2% | (5.2%) | 8.7% | 3.7% |
From 2017 to 2020, the leading destinations for exports in value terms of furniture fittings from Finland were Estonia (58.7% of exports in value terms), Russia (17.7% of exports in value terms), and Sweden (5.0% of exports in value terms), which jointly accounted for 81.4% of total 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 furniture fittings to Finland
Imports in kind, t
After a two-year decrease, furniture fittings volumes imported by Finland increased. In 2020, Finland imported 5 006 t of furniture fittings, indicating a rise of 40.1% year-over-year. The minimum value was recorded in 2019 at 3 575 t. The largest decline was recorded in 2019, falling by 27.5%.
Annual dynamics of product's imports to Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.6%) | (27.5%) | 40.1% | (0.7%) |
From 2017 to 2020, Austria (47.2% of imports in kind), Germany (14.9% of imports in kind), and China (13.6% of imports in kind) were the primary suppliers of furniture fittings to Finland, jointly accounting for 75.8% 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
After a two-year increase, foreign furniture fittings supplies to Finland declined. In 2020, imports amounted to 26 430 K $ US, representing a slight decline of 1.7% compared with 2019. The maximum value was recorded in 2019 at 26 899 K $ US. The largest increase was recorded in 2019, rising by 1.2%.
Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.6% | 1.2% | (1.7%) | (0.0%) |
From 2017 to 2020, Austria (39.4% of imports in value terms), Germany (18.7% of imports in value terms), and China (13.9% of imports in value terms) formed the main cluster of markets for imports in value terms, with a combined share of 71.9% 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
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