Earlier Report Observations
The Finnish helical springs market, measured in value, declined from 22.9 million USD in 2018 to 13.0 million USD in 2024. After falling to 16.9 million USD in 2020, a recovery in 2021 and 2022 brought the market back near 22 million USD before a sharp drop of over 40% occurred in 2023.
In physical terms, the market volume also contracted substantially, from 5 420 tonnes in 2018 to 1 937 tonnes in 2024. This was driven by lower domestic production, which fell from 2 618 tonnes to 1 421 tonnes, and reduced imports, which decreased from 4 412 tonnes to 1 989 tonnes over the same period.
The market stabilized in value during 2024 at 12.96 million USD, while the physical volume continued its downward trend, reaching the lowest point observed in the seven-year span.
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, 2023-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018, 2023-2024
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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, 2023-2024, t
- 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, t
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Finland
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
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7.1. Exports (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 helical springs in Finland
In value, 2017-2020, K $ US
In 2018, the output of helical springs in Finland reached its peak value of 14,306 thousand US dollars. This was followed by a decline of 4.5% in 2019, bringing the value down to 13,664 thousand US dollars. In 2020, production recovered slightly, increasing by 1.3% to 13,848 thousand US dollars.
Annual dynamics of production in Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.0% | (4.5%) | 1.3% | (0.1%) |
In kind, 2017-2020, t
In 2020, Finland produced 2,618 tonnes of helical springs, representing a modest decline of 9.8% compared to the previous year.
Annual dynamics of production in Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (9.8%) | n/a | n/a | - |
Exports helical springs from Finland
Exports in kind, t
The data shows irregular changes, indicating a volatile market environment. Exports bottomed in 2019 at 42 tonnes, then surged dramatically in 2020 to 1,615 tonnes—a remarkable increase of 3,719.8% year-over-year. The peak occurred earlier in 2017, with a 42-fold difference between the highest and lowest volumes. The largest decline was recorded in 2019 at 97.4%.
Annual dynamics of product's exports from Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (9.4%) | (97.4%) | 3 719.8% | (3.2%) |
From 2017 to 2020, Sweden was the largest buyer of helical springs from Finland, accounting for 41.3% of exports in kind. China followed with 19.3%, and India with 6.9%. Together, these three countries represented 67.4% of Finland's total exports in kind during this period.
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
Helical springs exports from Finland have increased for the third consecutive year. In 2020, Finland exported 11,532 thousand US dollars worth of helical springs, marking a 3.6% rise compared to 2019. Over the 2017–2020 period, exports grew by 10.1%, with a compound annual growth rate of 3.3%.
Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.8% | 2.4% | 3.6% | 3.3% |
From 2017 to 2020, Sweden was the principal buyer of helical springs from Finland in value terms, representing 26.0% of exports. China accounted for 22.2%, and Estonia for 10.4%. Collectively, these three markets made up 58.6% of Finland's total export value.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Finland in value, 2017-2020
Imports helical springs to Finland
Imports in kind, t
The market exhibited an unstable trend throughout the timeframe. Imports peaked in 2018 at 4,412 tonnes, then plummeted to their lowest point in 2019 at 55 tonnes—an 80-fold difference between the peak and trough. In 2020, imports rebounded sharply to 5,638.3 tonnes, reflecting a gain of 5,638.3% year-over-year. The largest decline was recorded in 2019 at 98.7%.
Annual dynamics of product's imports to Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 14.3% | (98.7%) | 5 638.3% | (6.2%) |
Throughout 2017–2020, Germany, Sweden, and Denmark were the three largest sources of helical springs imports in kind for Finland, together accounting for 84.6% 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
Helical springs imports into Finland declined for the second consecutive year. In 2020, Finland imported 14,607 thousand US dollars worth of helical springs, which is 10.3% lower than the previous year. The maximum value was recorded in 2018 at 19,467 thousand US dollars, followed by the largest decline of 16.4% in 2019. Between 2017 and 2020, imports decreased by 13.8%, equating to an annualized rate of 4.8%.
Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 14.9% | (16.4%) | (10.3%) | (4.8%) |
In 2017–2020, Germany was the main source of helical springs imports to Finland in value terms, representing 34.7% of imports. Sweden accounted for 29.9%, and Italy for 8.4%. Together, these three countries comprised 73.0% of Finland's total import value.
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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