Industrial food and drink machinery market in Finland

Earlier Report Observations

The market for industrial food and drink machinery in Finland expanded significantly in 2019, reaching 69.9 million dollars after starting at 52.1 million in 2018. This growth was followed by stabilization in 2020, with the market size remaining nearly unchanged at 69.4 million.

A sharp contraction occurred in 2021, bringing the market down to 60.6 million dollars. However, a strong rebound in 2022 pushed it to a peak of 79.4 million. The following years saw a decline, with the market falling to 67.8 million in 2023 and further to 51.4 million in 2024, ending the period slightly below its initial level.

Production industrial food and drink machinery in Finland

In value, 2017-2020, K $ US

Finland's industrial food and drink machinery production has been declining for three straight years. In 2020, output was valued at 19 714 thousand US dollars, representing a 9.7% drop compared to 2019. Looking at the period from 2017 to 2020, production fell by 29.6%, which translates to an average annual decline of 11.0%.

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

Exports industrial food and drink machinery from Finland

Exports in kind, t

The market showed significant fluctuations during this period. Exports reached their lowest point in 2019 at 41 tonnes, then surged to 432 tonnes in 2020, marking a 942.7% year-over-year increase. The peak was recorded in 2018 at 879 tonnes, resulting in a 21-fold difference between the 2018 high and the 2019 low. The sharpest decline occurred in 2019, falling by 95.3%.

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

From 2017 to 2020, Russia, Estonia, and South Africa were the top buyers of industrial food and drink machinery from Finland, accounting for 19.8%, 10.4%, and 8.8% of exports in kind, respectively. However, their combined share was just 39.0% of total exports, indicating a well-diversified market structure.

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

After two years of decline, Finland's industrial food and drink machinery exports rebounded in 2020, reaching 17 172 thousand US dollars, a 3.5% increase from the previous year. The lowest value was recorded in 2019 at 16 593 thousand US dollars, with the largest drop that year at 31.6%. Over the 2017-2020 period, exports decreased by 30.4%, averaging an 11.4% annual decline.

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

Between 2017 and 2020, Finland's industrial food and drink machinery exports in value terms were not heavily concentrated. Russia, Lithuania, and Estonia were the leading markets, contributing 22.3%, 8.9%, and 7.1% of exports in value, respectively, but together they made up only 38.3% 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 industrial food and drink machinery to Finland

Imports in kind, t

The import market experienced volatility throughout the period. Imports hit their lowest point in 2019 at 253 tonnes, then rose to an unspecified amount in 2020, showing a 414.3% year-over-year increase. The peak was in 2017, creating an 11.5-fold gap between the 2017 high and the 2019 low. The most significant decline occurred in 2019, dropping by 78.5%.

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

From 2017 to 2020, imports in kind were highly diversified geographically. Germany, the Netherlands, and Denmark were the top sources, accounting for 21.7%, 16.4%, and 10.8% of imports in kind, respectively, but their combined share was just 48.9% of total flows, with the remaining 51.1% spread across many smaller partners.

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 industrial food and drink machinery imports grew for the second consecutive year in 2020, reaching 66 812 thousand US dollars, a modest 3.4% rise from the previous year. The lowest value was in 2018 at 52 393 thousand US dollars, with the largest decline that year at 29.5%. The biggest increase occurred in 2019, up by 23.3%. Over the 2017-2020 period, imports decreased by 10%, averaging a 3.5% annual decline.

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

Between 2017 and 2020, Germany, the Netherlands, and Denmark dominated Finland's industrial food and drink machinery imports in value terms, contributing 30.9%, 16.7%, and 12.9%, respectively. Together, they accounted for 60.5% 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