Non-refractory mortars and concretes market in Finland

Earlier Report Observations

The Finnish market for non-refractory mortars and concretes experienced substantial growth in volume from 2019 to 2022, rising from 3 080 thousand tons to 4 899 thousand tons, supported by a parallel increase in domestic production. In value terms, the market reached its peak at $413.1 million in 2021 before a minor decline the following year.

Market volume contracted sharply in 2023 and 2024, falling to 3 264 thousand tons. This downturn aligned with global increases in kiln fuel costs and freight tariffs, which elevated raw material prices and production expenses. At the same time, the sector anticipated the new Finnish Building Act, finalized in late 2024 for implementation in 2025, which introduces climate declarations and carbon footprint limits for construction products, influencing market planning and demand.

Production non-refractory mortars and concretes in Finland

In value, 2017-2020, M $ US

In 2020, Finland's output of non-refractory mortars and concretes was valued at 390.3 million US dollars, marking a 4.2% increase from the previous year. Over the period from 2017 to 2020, production grew by 5.4%, which translates to an annualized growth rate of 1.8%. The largest decline occurred in 2019, with a drop of 1.7%, while the most significant increase was in 2018, at 4.2%.

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

In kind, 2017-2020, K t

In 2020, Finland produced 3,734 thousand tonnes of non-refractory mortars and concretes, showing a strong year-over-year gain of 22.0%. However, from 2017 to 2020, overall production decreased by 57.3%, averaging an annual decline of 24.7%.

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

Exports non-refractory mortars and concretes from Finland

Exports in kind, t

The market displayed an unstable trend during this period. Exports reached their lowest point in 2019 at 11 tonnes, with the highest volume recorded in 2017, resulting in a 267-fold difference between these years. In 2020, shipments from Finland totaled 1,680 tonnes, which represents a dramatic increase of 15,036.4% compared to 2019. The largest decline was in 2019, at 99.6%.

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

From 2017 to 2020, the three largest markets for exports in kind were Russia, Estonia, and Lithuania, which together accounted for 73.3% of total flows.

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

Cross-border shipments of non-refractory mortars and concretes from Finland declined for the second consecutive year. In 2020, exports amounted to 919 thousand US dollars, reflecting a significant drop of 21.8% from the previous year. Between 2017 and 2020, exports decreased by 20.5%, with an annualized decline rate of 7.4%. The maximum value was recorded in 2018 at 1,241 thousand US dollars, which also saw the largest increase of 7.3%.

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

During 2017–2020, the main cluster of markets for exports in value terms consisted of Russia (35.9% of exports), Sweden (23.6%), and Norway (8.7%), together representing 68.3% 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 non-refractory mortars and concretes to Finland

Imports in kind, t

In 2020, foreign supplies of non-refractory mortars and concretes to Finland totaled 17,062 tonnes, indicating a 13.6% decrease compared to 2019. Over the 2017-2020 period, imports increased by 12.9%, with a compound annual growth rate of 4.1%. The minimum value was in 2018 at 14,282 tonnes, while the maximum was in 2019 at 19,749 tonnes. The largest increase occurred in 2019, at 38.3%.

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

From 2017 to 2020, the largest suppliers of non-refractory mortars and concretes to Finland in kind were Germany (33.0% of imports), Denmark (21.5%), and Norway (14.9%), collectively forming 69.4% of total imports.

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 a two-year rise, imports of non-refractory mortars and concretes into Finland declined. In 2020, imports stood at 9,858 thousand US dollars, showing a gradual decline of 4.2% from the previous year. Between 2017 and 2020, imports increased by 14.8%, averaging an annual growth rate of 4.7%. The maximum value was recorded in 2019 at 10,286 thousand US dollars, which also experienced the largest increase of 13.2%.

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

In 2017–2020, the principal destinations for imports in value terms were Germany (34.3% of imports), Denmark (21.6%), and Belgium (14.9%), jointly accounting for 70.8% of total flows.

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

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