Pebbles, gravel, broken or crushed stone market in Finland

Earlier Report Observations

From 2018 to 2020, the market for aggregates in Finland grew, with volume rising from 55 334 thousand tons to 57 869 thousand tons. This expansion was supported by increased construction and infrastructure activity, which boosted demand. Additionally, near growth centers, sand and gravel reserves were increasingly reserved for other uses, leading to greater reliance on crushed rock aggregates to reduce transport distances.

A sustained decline began in 2021, with market volume falling sharply to 29 738 thousand tons by 2024. The contraction was driven by the growing use of recycled materials in concrete, rising environmental awareness among consumers and builders, and financial difficulties in the construction sector. These factors reduced demand for primary aggregates, despite continued public funding for road repair and maintenance projects.

The market was also shaped by technological innovation and regulatory developments. Lafarge Holcim launched mobile crushing units, enabling on-site processing to cut logistics costs. Furthermore, the upcoming Building Act, set to take effect in 2025 with its requirements for carbon footprint calculation and material declarations, accelerated a shift toward low-carbon concrete and influenced aggregate selection.

Production aggregates grade pebbles, gravel, crushed stone in Finland

In value, 2017-2020, M $ US

Finland's production of pebbles, gravel, broken or crushed stone declined after two years of growth. In 2020, output was valued at 382.1 million US dollars, a slight decrease of 0.6% compared to 2019. Production peaked in 2019 at 384.3 million US dollars. Over the period from 2017 to 2020, production increased by 55.1%, which translates to an annualized growth rate of 15.8%. The largest annual increase occurred in 2018, with a jump of 42.4%.

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

In kind, 2017-2020, K t

Finland's production volume of pebbles, gravel, broken or crushed stone grew for the third consecutive year. In 2020, output reached 60,407 thousand tonnes, marking a modest increase of 2.6% compared to the previous year. From 2017 to 2020, production rose by 61.7%, with a compound annual growth rate of 17.4%.

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

Exports aggregates grade pebbles, gravel, crushed stone from Finland

Exports in kind, K t

Export volumes showed irregular changes, indicating a volatile market environment. The lowest level was recorded in 2017, while exports peaked in 2020, creating a 3.3-fold difference between these years. In 2020, Finland exported 2,586 thousand tonnes, representing a sharp year-on-year increase of 180.2%. The largest decline occurred in 2019, with a drop of 41.9%.

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

From 2017 to 2020, Estonia, the Netherlands, and Latvia were the main destinations for Finland's exports of pebbles, gravel, broken or crushed stone in volume terms. Estonia accounted for 41.0% of exports, the Netherlands for 17.8%, and Latvia for 4.4%. Together, these three countries absorbed 63.2% of total export volumes.

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

The export market in value terms displayed signs of volatility during the observed period. The lowest value was recorded in 2017, while the peak occurred in 2019, resulting in a 5.6-fold difference between these years. In 2020, exports were valued at 34,093 thousand US dollars, reflecting a solid year-on-year decline of 11.6%. The largest annual increase took place in 2018, with a surge of 148.3%.

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

The partner structure for exports in value terms from 2017 to 2020 remained fragmented. Estonia accounted for 20.9% of export value, the Netherlands for 14.1%, and Latvia for 2.4%. Together, these three countries represented only 37.4% of total flows, with no single country holding a dominant share.

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

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

Imports aggregates grade pebbles, gravel, crushed stone to Finland

Imports in kind, K t

Import volumes experienced noticeable fluctuations during the period. The lowest level was in 2017, while imports peaked in 2020, showing a 1.9-fold gap between these years. In 2020, Finland imported 48 thousand tonnes, which corresponds to a sharp year-on-year increase of 62.9%. The largest decline occurred in 2019, with a drop of 36.9%, while the largest increase was recorded in 2018, at 84.2%.

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

Throughout 2017 to 2020, Estonia and Sweden clearly dominated Finland's imports of pebbles, gravel, broken or crushed stone in volume terms. Together, they accounted for 80.2% of total import flows, with other countries holding much smaller shares.

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

Market behavior in import value terms was characterized by volatility over these years. The minimum value was recorded in 2017, while the maximum occurred in 2020, resulting in a 3.1-fold variation. In 2020, imports were valued at 2,181 thousand US dollars, representing a significant gain of 147.6% compared to the previous year. The largest decline took place in 2019, with a decrease of 28.3%.

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

From 2017 to 2020, Sweden and Estonia were the core markets for Finland's imports of pebbles, gravel, broken or crushed stone in value terms. Together, they accounted for 81.2% of total import flows, while other destinations had comparatively modest shares.

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

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