Market research

Iron or steel sanitary ware market in Finland

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The value of Finland's iron or steel sanitary ware market showed marked volatility between 2018 and 2024. It grew to a high of 25.9 million dollars in 2019 before contracting sharply the following year. A partial recovery in 2021 was followed by two consecutive years of decline, with the market reaching its lowest point of 18.5 million dollars in 2023.

The downturn in 2023 was driven largely by conditions in the stainless steel sector, where a significant price drop and uncertainty stemming from weak European markets reduced overall market value. Clients responded by holding only minimal inventories. The market rebounded in 2024 to 20.9 million dollars, supported by broader cost inflation and sustained demand for premium products, alongside growing consumer and industrial emphasis on sustainability, which reinforced the appeal of stainless steel as a durable material.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production iron or steel sanitary ware in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of iron or steel sanitary ware was valued at 16,585 thousand US dollars, representing a 20.0% decrease compared to the previous year. Over the period from 2017 to 2020, production declined by 37.8%, which translates to an annualized rate of 14.6%. The most significant drop occurred in 2018, with a 24.0% decrease, while the largest increase was recorded in 2019 at 2.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.0%)	2.3%	(20.0%)	(14.6%)

Source: SHEV.io

Exports iron or steel sanitary ware from Finland

Exports in kind, t

The data shows irregular fluctuations, reflecting a volatile market environment. Exports varied significantly, with the lowest point in 2019 and the highest in 2020, resulting in an 18-fold difference between these years. In 2020, Finland's exports of iron or steel sanitary ware reached 411.2 tonnes, marking a dramatic increase of 1,684.5% compared to the previous year. The minimum value was recorded in 2019 at 23.0 tonnes, with the largest decline that year at 94.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.9%	(94.2%)	1 684.5%	3.9%

Source: SHEV.io

From 2017 to 2020, Sweden, Germany, and Norway were the main destinations for Finland's exports of iron or steel sanitary ware in volume terms. Sweden accounted for 40.7% of exports, Germany for 19.3%, and Norway for 11.6%, together representing 71.6% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Finland's exports of iron or steel sanitary ware increased for the third consecutive year. In 2020, exports amounted to 8,194 thousand US dollars, which is 2.4% higher than in 2019. Over the 2017-2020 period, exports grew by 14.7%, with a compound annual growth rate of 4.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.4%	0.5%	2.4%	4.7%

Source: SHEV.io

From 2017 to 2020, Sweden, Germany, and Norway were the principal destinations for Finland's exports of iron or steel sanitary ware in value terms. Sweden accounted for 42.4% of exports, Germany for 13.7%, and Norway for 8.3%, jointly making up 64.3% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports iron or steel sanitary ware to Finland

Imports in kind, t

The data indicates irregular changes, pointing to a volatile market environment. Imports fluctuated sharply, with the lowest level in 2019 and the highest in 2020, showing a peak-to-trough ratio of 22 times. In 2020, Finland's imports of iron or steel sanitary ware totaled 920.7 tonnes, representing a substantial increase of 2,120.4% from the previous year. The minimum value was recorded in 2019 at 41.5 tonnes, with the largest decline that year at 94.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.0%)	(94.2%)	2 120.4%	8.9%

Source: SHEV.io

From 2017 to 2020, China, Germany, and Sweden formed the main cluster of markets for Finland's imports of iron or steel sanitary ware in volume terms. China accounted for 33.8% of imports, Germany for 15.2%, and Sweden for 13.9%, together representing 62.9% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Finland's imports of iron or steel sanitary ware increased for the third consecutive year. In 2020, imports amounted to 13,829 thousand US dollars, marking a moderate increase of 5.2% compared to the previous year. Over the 2017-2020 period, imports grew by 23.2%, with a compound annual growth rate of 7.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.8%	16.3%	5.2%	7.2%

Source: SHEV.io

From 2017 to 2020, China, Sweden, and Germany were the largest suppliers of iron or steel sanitary ware to Finland in value terms. China accounted for 25.2% of imports, Sweden for 17.0%, and Germany for 16.2%, together forming 58.4% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io