Linear acting hydraulic cylinders market in Finland

Earlier Report Observations

The Finnish market for linear acting hydraulic cylinders demonstrated a cycle of decline, recovery, and strong growth before a significant contraction in 2024. Starting at USD 126.1 million in 2018, the market size decreased to USD 112.3 million in 2020. It then entered a sustained expansion phase, rising to USD 160.4 million by 2023. This growth was sharply reversed in 2024 when the market volume fell to USD 118.7 million.

The downturn in 2024 was driven by reduced demand from major consuming industries. Registrations of new motorized work machinery, a key application for hydraulic cylinders, fell by 9% compared to the previous year. Simultaneously, the construction machinery sector faced uncertainty and weak building activity, further dampening demand. The market structure remained stable throughout the period with no reported entry of new major producers or closure of large facilities.

Production linear acting hydraulic cylinders in Finland

In value, 2017-2020, M $ US

Finland's production of linear acting hydraulic cylinders has declined for the second year in a row. In 2020, the output was valued at 147.2 million US dollars, marking a 9.1% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 4.4%, which translates to an average annual decline of 1.5%. The highest production value was recorded in 2018 at 167.2 million US dollars, with the largest year-on-year increase also occurring that year at 8.5%.

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

In kind, 2017-2020, K unit

Following two years of growth, Finland's production of linear acting hydraulic cylinders dropped in 2020. That year, 248.5 thousand units were produced, representing a sharp 40.2% decrease from the previous year. Over the 2017-2020 period, production declined by 16.7%, averaging a 5.9% annual reduction. The peak production volume was in 2019 at 415.9 thousand units, while the largest increase happened in 2018 with a 34.2% rise.

Annual dynamics of production in Finland in kind, 2017-2020, K unit

Exports linear acting hydraulic cylinders from Finland

Exports in kind, K unit

The export market for linear acting hydraulic cylinders from Finland showed significant volatility during this period. Exports reached their lowest point in 2019 at 56 thousand units and peaked in 2018 at 5 695 thousand units, creating a 101-fold difference between these years. In 2020, exports rebounded to 4 705 thousand units, showing an extraordinary increase of 8,260.8% compared to 2019. The largest decline occurred in 2019 with a 99.0% drop.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K unit

Between 2017 and 2020, Sweden, the Netherlands, and Poland were the primary destinations for Finland's linear acting hydraulic cylinder exports in volume terms. Sweden accounted for 32.2% of exports, the Netherlands for 22.7%, and Poland for 12.4%. Together, these three markets represented 67.3% of Finland's total export volume 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

Finland's export value of linear acting hydraulic cylinders has decreased for two consecutive years. In 2020, exports totaled 68 187 thousand US dollars, down 10.5% from the previous year. From 2017 to 2020, export value declined by 7.3%, averaging a 2.5% annual decrease. The highest export value was recorded in 2018 at 83 950 thousand US dollars, which also saw the largest year-on-year increase of 14.2%.

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

During the 2017-2020 period, Sweden, the Netherlands, and Poland were significant buyers of linear acting hydraulic cylinders from Finland in value terms. Sweden accounted for 21.8% of export value, the Netherlands for 19.2%, and Poland for 8.9%. However, their combined share reached only 49.8% of total export value, with the remaining 50.2% distributed among numerous other trading partners.

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

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

Imports linear acting hydraulic cylinders to Finland

Imports in kind, K unit

Import volumes of linear acting hydraulic cylinders into Finland experienced substantial fluctuations. The lowest volume was recorded in 2019 at 36 thousand units, while the highest was in 2018 at 8 595 thousand units, resulting in a 241-fold difference. In 2020, imports surged to 5 931 thousand units, representing a dramatic 16,521.4% increase compared to 2019. The most significant decline occurred in 2019 with a 99.6% drop.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K unit

From 2017 to 2020, Germany dominated Finland's imports of linear acting hydraulic cylinders in volume terms, accounting for 76.1% of total imports. The remaining imports were distributed among various smaller trading 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 import value of linear acting hydraulic cylinders has declined for the second consecutive year. In 2020, imports amounted to 33 237 thousand US dollars, down 21.8% from the previous year. Over the 2017-2020 period, import value actually increased by 3%, averaging 1.0% annual growth. The highest import value was recorded in 2018 at 42 857 thousand US dollars, which also saw the largest year-on-year increase of 32.8%.

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

Between 2017 and 2020, Germany, Sweden, and the United Kingdom were the main suppliers of linear acting hydraulic cylinders to Finland in value terms. Germany accounted for 33.6% of import value, Sweden for 13.7%, and the United Kingdom for 8.7%. Together, these three countries represented 56.0% of Finland's total import value during this period.

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

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