Moulds for rubber or plastics market in Finland

Earlier Report Observations

The market for moulds for rubber or plastics in Finland experienced notable fluctuations from 2018 to 2024. After remaining relatively stable around $63.6–$67.3 million between 2018 and 2020, the market size fell sharply to $52.1 million in 2021, then rebounded to a peak of $76.7 million in 2022. This was followed by a decline to $62.9 million in 2023 and a further decrease to $58.9 million in 2024.

The market contraction in 2023 coincided with high producer prices in the rubber and plastics manufacturing industry, which increased production costs and likely restrained investment in new moulds. At the same time, the ongoing preparation of stricter EU regulations on waste export and packaging waste reduction created uncertainty, affecting production planning and cycles for moulds.

In 2024, the Middle East crisis drove up raw material prices and caused supply chain disruptions, directly impacting Finnish plastics product manufacturers and reducing demand for moulds. Additionally, the tightening of producer responsibility regulations for plastics product manufacturers and importers in Finland raised operational costs, further constraining market activity.

Production moulds for rubber or plastics in Finland

In value, 2017-2020, K $ US

Finland's production of moulds for rubber or plastics has grown for the second year in a row. In 2020, output reached 42 266 thousand US dollars, marking a modest 0.9% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 3.1%, which translates to an average annual growth rate of 1.0%. The lowest production value was recorded in 2018 at 40 830 thousand US dollars, with the largest decline that year at 0.4%. In contrast, 2019 saw the biggest increase at 2.6%.

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

Exports moulds for rubber or plastics from Finland

Exports in kind, t

Export volumes of moulds for rubber or plastics from Finland showed significant fluctuations during this period. The lowest point occurred in 2019 at just 4 tonnes, with the largest decline that year at 99.1%. Exports then rebounded dramatically in 2020, reaching 436 tonnes—a staggering 9,791.9% increase compared to 2019. The peak was in 2017, creating a 148-fold difference between the highest and lowest years.

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

From 2017 to 2020, Russia and Romania accounted for the majority of Finland's exports of moulds for rubber or plastics in volume terms, while other markets played a smaller role.

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 moulds for rubber or plastics rebounded in 2020. The value reached 23 208 thousand US dollars, representing a sharp 25.8% increase from 2019. However, over the full 2017-2020 period, exports decreased by 25%, with an average annual decline of 9.2%. The lowest value was recorded in 2019 at 18 445 thousand US dollars, which also saw the largest decline at 25.2%.

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

Between 2017 and 2020, Finland's export value of moulds for rubber or plastics was heavily concentrated on Russia, which accounted for 79.9% of total flows. Other partners made up the remainder.

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

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

Imports moulds for rubber or plastics to Finland

Imports in kind, t

Import volumes of moulds for rubber or plastics into Finland were unstable during this timeframe. The minimum was in 2019 at 15 tonnes, with the largest decline that year at 98.6%. Imports then surged in 2020 to approximately 1 320 tonnes—an 8,564.8% increase from the previous year. This created an 87-fold difference between the peak in 2020 and the trough in 2019.

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

From 2017 to 2020, China, South Korea, and Germany were the main suppliers of moulds for rubber or plastics to Finland in volume terms. China led with 50.3% of imports, followed by South Korea at 16.4% and Germany at 7.8%. Together, these three countries accounted for 74.5% of total import volumes.

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

In 2020, Finland's imports of moulds for rubber or plastics totalled 48 221 thousand US dollars, up 19.7% from the previous year. Over the 2017-2020 period, imports increased by 24.5%, with an average annual growth rate of 7.6%. The largest decline occurred in 2019 at 15.0%, while the biggest increase was in 2018 at 22.5%.

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

Between 2017 and 2020, China, South Korea, and Germany were the key sources for Finland's imports of moulds for rubber or plastics in value terms. China accounted for 24.8% of imports, South Korea for 24.5%, and Germany for 13.6%. Combined, these three countries represented 62.9% of 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