Medical, surgical, dental or veterinary furniture and parts market in Finland

Earlier Report Observations

From 2018 to 2021, the market for medical, surgical, dental, and veterinary furniture in Finland expanded consistently. This growth was supported by the ongoing industrial production activities of state-owned companies, which maintained a steady supply to the domestic market. The onset of the COVID-19 pandemic in 2020 further boosted demand for medical furniture, contributing to increased market volume.

The market experienced a dramatic surge in 2022, with its size jumping to over 72 million USD, driven primarily by a sharp rise in production to 93 million USD. Although the growth rate moderated in 2023 and 2024, the market remained at an elevated level. During this period, Finland also solidified its position as a key supplier of such furniture to neighboring markets, notably Denmark, reflecting its active role in regional trade.

Production medical and veterinary furniture and parts in Finland

In value, 2017-2020, K $ US

Finland's production of medical, surgical, dental, and veterinary furniture and parts grew for the second year in a row. In 2020, output reached 54 262 thousand US dollars, marking an 18.8% year-on-year increase. Over the 2017-2020 period, production rose by 2.4%, with a compound annual growth rate of 0.8%. The lowest production value was recorded in 2018 at 43 859 thousand US dollars, which also saw the largest decline of 17.3%.

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

Exports medical and veterinary furniture and parts from Finland

Exports in kind, t

The market showed an unstable trend during this period. Exports peaked in 2017 and hit their lowest point in 2019, with a 21-fold difference between these years. In 2020, Finland exported 924 tonnes of medical, surgical, dental, and veterinary furniture and parts, a dramatic increase of 1,748.8% compared to 2019. The minimum volume was recorded in 2019 at 50 tonnes, which also experienced the largest decline of 94.5%.

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

From 2017 to 2020, the export market in kind was diverse. Russia accounted for 30.7% of exports in kind, Norway for 8.7%, and Sweden for 8.3%, together making up just 47.7% of total flows. The remaining 52.3% was distributed among numerous other countries.

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 exports of medical, surgical, dental, and veterinary furniture and parts in value terms rebounded. In 2020, exports totaled 33 267 thousand US dollars, up 9.2% from the previous year. Over the 2017-2020 period, exports fell by 16.7%, with a compound annual growth rate of -5.9%. The lowest value was recorded in 2019 at 30 466 thousand US dollars, while the largest decline occurred in 2018 at 19.2%.

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

Between 2017 and 2020, Russia was the top buyer with 22.3% of exports in value terms, followed by Sweden at 10.1% and France at 6.4%. However, their combined share reached only 38.8% of total exports in value terms, with the remaining 61.2% spread across many 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 medical and veterinary furniture and parts to Finland

Imports in kind, t

The market was volatile during these years. Imports reached their highest level in 2018 and their lowest in 2019, with a 36-fold gap between these extremes. In 2020, Finland imported 26 tonnes of medical, surgical, dental, and veterinary furniture and parts, a sharp rise of 3,365.4% compared to 2019. The minimum volume was recorded in 2019 at 26 tonnes, which also saw the largest decline of 97.2%, while the maximum was in 2018 at 950 tonnes.

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

From 2017 to 2020, Germany was the leading source for imports in kind, accounting for 33.0%, followed by China at 19.0% and Estonia at 17.0%. Together, these three countries represented 69.0% of total import flows 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

After two years of growth, Finland's imports of medical, surgical, dental, and veterinary furniture and parts in value terms decreased. In 2020, imports stood at 16 427 thousand US dollars, down 2.6% from the previous year. Over the 2017-2020 period, imports increased by 17.6%, with a compound annual growth rate of 5.6%. The highest value was recorded in 2019 at 16 858 thousand US dollars, while the largest increase occurred in 2018 at 16.5%.

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

During 2017-2020, Germany was the main source for imports in value terms, accounting for 34.0%, followed by the United States at 10.8% and China at 10.5%. These three countries together absorbed 55.3% of total imports in value terms, making them the key suppliers.

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

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