Pile drivers and extractors market in Finland

Earlier Report Observations

The market for pile drivers and pile extractors in Finland experienced significant growth from 2018 to 2024, with its value rising from 12.8 million US dollars to 31.1 million US dollars. This period saw substantial fluctuations, including a sharp increase of 46% in 2020 to 23.2 million US dollars, followed by a contraction in 2021. The market then rebounded strongly in 2022, jumping 54% to 29.4 million US dollars, and reached a peak of 32.3 million US dollars in 2023.

By 2024, the market value eased slightly to 31.1 million US dollars. During this year, Junttan Oy introduced the world's first fully electric pile driver, the PMx2e, designed for the most common size class in Europe. This innovation, along with the arrival of new models like the Turchi 300F, signaled a clear industry shift towards electric and more environmentally friendly machinery. The popularity of smaller pile drivers for lighter applications also continued, reflecting diverse demand within the construction sector.

Production pile drivers and extractors in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of pile drivers and extractors reached 64 213 thousand US dollars, marking a 17.5% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 21.6%, which translates to an average annual growth rate of 6.7%. The highest production value was recorded in 2018 at 65 745 thousand US dollars. In 2019, production experienced its largest decline of 16.9%, while the most significant increase occurred in 2018 with a 24.5% rise.

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

In kind, 2017-2020, unit

In 2020, Finland produced 273.0 units of pile drivers and extractors, representing a 7.1% increase from the previous year. From 2017 to 2020, production rose by 20.8%, with a compound annual growth rate of 6.5%. The peak production was in 2018 at 286.0 units. The largest decrease occurred in 2019 with a 10.8% drop, while the biggest increase was in 2018 with a 26.5% surge.

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

Exports pile drivers and extractors from Finland

Exports in kind, unit

Exports of pile drivers and extractors from Finland declined for the second consecutive year in 2020, totaling 172.0 units, which was a 0.6% decrease compared to 2019. Between 2017 and 2020, exports increased by 15.4%, averaging an annual growth rate of 4.9%. The highest export volume was recorded in 2018 at 197.0 units. In 2019, exports saw their largest decline of 12.2%, while the most substantial increase was in 2018 with a 32.2% rise.

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

From 2017 to 2020, Germany, the United States, and Russia were the largest buyers of pile drivers and extractors from Finland, accounting for 24.3%, 15.9%, and 7.4% of exports in kind, respectively. Together, these three countries represented 47.6% of total exports in kind, with the remaining share distributed among numerous smaller partners.

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

In 2020, Finland exported 43 535 thousand US dollars worth of pile drivers and extractors, an 11.6% increase from 2019. The lowest export value during this period was in 2019 at 39 019 thousand US dollars, while the peak was in 2018 at 53 154 thousand US dollars. The largest decline occurred in 2019 with a 26.6% drop, and the most significant increase was in 2018 with a 20.5% rise.

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

Between 2017 and 2020, exports of pile drivers and extractors from Finland in value terms were widely distributed across various markets. The United States, the Netherlands, and Germany were the top destinations, accounting for 23.5%, 12.9%, and 10.8% of exports in value terms, respectively. Combined, these three countries made up 47.2% of total export flows, reflecting a diverse market structure.

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

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

Imports pile drivers and extractors to Finland

Imports in kind, unit

Import volumes of pile drivers and extractors into Finland showed irregular changes, indicating a volatile market. In 2020, imports amounted to 10.0 units, a significant 25.0% increase from the previous year. The lowest import volume was in 2018 at 1.0 unit, representing an 88.9% decline from the prior year. The largest increase occurred in 2019 with a 700.0% surge. Overall, imports varied widely, with a 10-fold difference between the peak in 2020 and the trough in 2018.

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

From 2017 to 2020, Russia, France, and Sweden were the largest suppliers of pile drivers and extractors to Finland, contributing 35.7%, 14.3%, and 14.3% of imports in kind, respectively. Together, these three countries accounted for 64.3% of total imports 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

Import values of pile drivers and extractors into Finland experienced noticeable fluctuations during the period. In 2020, imports reached 2 478 thousand US dollars, a substantial 785.6% increase compared to 2019. The lowest import value was in 2018 at 158 thousand US dollars, marking an 87.1% decline from the previous year. Imports varied significantly, with a 16-fold difference between the high in 2020 and the low in 2018.

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

Between 2017 and 2020, Spain, Sweden, and Denmark were the largest suppliers of pile drivers and extractors to Finland in value terms, accounting for 49.2%, 16.8%, and 9.6% of imports, respectively. Combined, these three countries formed 75.6% of total imports in value terms.

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

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