Gas, liquid and electricity meters market in Finland, 2026

Earlier Report Observations

The market for gas, liquid and electricity meters in Finland saw stabilization in 2018 and 2019, with the market size around 47 963 thousand dollars and 47 415 thousand dollars respectively. A significant shift occurred in 2020 when the market expanded by 23% to 58 529 thousand dollars. This growth was driven by the completion of the Balticconnector gas pipeline between Finland and Estonia, which opened access to regional markets and reduced dependence on Russian gas, stimulating activity in the gas sector and increasing demand for metering equipment.

Market growth accelerated from 2021 onward. In 2021, rising EU gas prices due to reduced Russian supply and the onset of the war in Ukraine created pressure to adapt gas infrastructure, supporting meter demand. The 2022 launch of the Inkoo LNG terminal and the enhanced integration via the Balticconnector substantially improved supply security and enabled a shift to short-term LNG markets, boosting gas trade volumes and the need for associated measurement devices. Geopolitical tensions and high European demand for LNG maintained market activity in 2023. By 2024, the market reached 105 504 thousand dollars, supported by the reliable operation of the LNG terminal and the cessation of Russian gas, which required further investments in metering and monitoring infrastructure.

Production gas, liquid and electricity meters in Finland

In value, 2017-2020, K $ US

Finland's production of gas, liquid, and electricity meters has grown for the third year in a row. In 2020, output reached 34 611 K $ US, marking a 33.3% increase compared to 2019. From 2017 to 2020, production rose by 46.9%, which translates to an average annual growth rate of 13.7%.

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

Exports gas, liquid and electricity meters from Finland

Exports in kind, t

Market performance showed significant fluctuations during this period. The lowest volume was recorded in 2019 at 8.6 t, while the highest occurred in 2020 at 219.5 t, representing a 25-fold difference. In 2020, cross-border shipments surged by 2,448.2% year-over-year. The largest decline was observed in 2019, with a drop of 94.9%.

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

From 2017 to 2020, Sweden and Norway were the primary export partners in kind, together accounting for 83.5% of total flows, while other countries made up the remainder.

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, cross-border shipments of gas, liquid, and electricity meters from Finland were valued at 18 471 K $ US, a 13.4% increase from 2019. The maximum value was recorded in 2018 at 18 525 K $ US, with the largest increase that year at 34.7%. The largest decline occurred in 2019, falling by 12.1%. Between 2017 and 2020, exports grew by 34.3%, averaging an annual rate of 10.3%.

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

Throughout 2017–2020, Norway and Sweden dominated Finland's exports in value terms, jointly representing 83.0% of total flows, with other countries holding much smaller shares.

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

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

Imports gas, liquid and electricity meters to Finland

Imports in kind, t

The data indicates irregular changes, reflecting a volatile market environment. The minimum volume was recorded in 2019 at 24.3 t, while the maximum reached 739.6 t in 2020, showing a 30-fold variation. In 2020, imports surged by 2,941.6% compared to 2019. The largest decline was in 2019, with a drop of 95.6%.

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

From 2017 to 2020, China (50.6% of imports in kind), Germany (13.2%), and Greece (9.3%) were the main suppliers of gas, liquid, and electricity meters to Finland, together comprising 73.1% 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

In 2020, Finland's imports of gas, liquid, and electricity meters stood at 42 388 K $ US, a 12.3% increase from 2019. The minimum value was recorded in 2019 at 37 742 K $ US, with the largest decline that year at 7.0%. Over the period 2017-2020, imports rose by 11.7%, with a compound annual growth rate of 3.8%.

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

From 2017 to 2020, Denmark (26.4% of imports in value terms), China (22.4%), and Greece (17.0%) contributed the most to Finland's imports in value terms, jointly accounting for 65.7% 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