Plaster articles market in Finland

Earlier Report Observations

The Finnish plaster articles market began at 51.0 million US dollars in 2018 but contracted to 46.2 million the following year. This decrease followed the introduction of tighter energy-efficiency and indoor-air standards for construction in the Uusimaa region in 2018, which moderated building demand and reduced sales of plaster products.

From 2020 to 2022, the market recovered steadily, climbing to 48.0 million in 2020, 54.4 million in 2021, and reaching a peak of 57.2 million in 2022. The three-year expansion added over 11 million dollars to the market value.

The trend reversed in 2023 when the market shrank to 49.5 million and declined further to 46.6 million in 2024. The downturn coincided with the implementation of stricter EU chemical regulations, including PFAS restrictions, which increased compliance costs for manufacturers and likely constrained market volume.

Production plaster articles in Finland

In value, 2017-2020, K $ US

In 2020, the output of plaster articles in Finland was valued at 51 618 thousand US dollars, showing a slight increase of 2.7% compared to the previous year. Over the period from 2017 to 2020, production grew by 11.3%, which translates to an average annual growth rate of 3.6%. The highest production value was recorded in 2018 at 55 836 thousand US dollars, with the largest annual increase of 20.4% that year. In contrast, the largest decline occurred in 2019, when production fell by 10.0%.

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

Exports plaster articles from Finland

Exports in kind, t

The market performance showed noticeable fluctuations during this period. In 2020, plaster articles exports from Finland totaled 28 692 tonnes, representing a significant increase of 74.4% compared to the previous year. The highest export volume was recorded in 2018 at 34 804 tonnes, while the lowest was in 2019 at 16 451 tonnes, resulting in a peak-to-trough ratio of 2.1 times. The largest decline occurred in 2019, with exports dropping by 52.7%.

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

From 2017 to 2020, Estonia, Norway, and Sweden were the top buyers of plaster articles from Finland, accounting for 50.1%, 29.1%, and 13.4% of exports in kind, respectively. Together, these three countries represented 92.5% of Finland's total plaster articles exports in kind during this period.

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

Plaster articles shipments from Finland abroad declined for the second consecutive year. In 2020, exports amounted to 6 331 thousand US dollars, down by 10.5% compared to the previous year. Over the 2017-2020 period, exports decreased by 6.8%, equating to an average annual decline of 2.3%. The highest export value was recorded in 2018 at 8 323 thousand US dollars, with the largest annual increase of 22.6% that year. The largest decline occurred in 2019, when exports fell by 15.0%.

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

From 2017 to 2020, Estonia, Norway, and Sweden were the main destinations for plaster articles from Finland in value terms, accounting for 45.8%, 32.3%, and 13.1% of exports, respectively. Together, these three countries made up 91.2% of Finland's total plaster articles exports in value during this period.

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

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

Imports plaster articles to Finland

Imports in kind, t

Market behavior was characterized by volatility during these years. In 2020, Finland's plaster articles imports stood at 7 754 tonnes, which is 277.5% higher than the previous year. The highest import volume was recorded in 2018 at 12 634 tonnes, while the lowest was in 2019 at 2 054 tonnes, resulting in a peak-to-trough amplitude of 6.2 times. The largest decline occurred in 2019, with imports dropping by 83.7%.

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

From 2017 to 2020, Poland, Russia, and Denmark were the leading suppliers of plaster articles to Finland, accounting for 48.7%, 14.8%, and 9.2% of imports in kind, respectively. Together, these three countries represented 72.7% of Finland's total plaster articles imports in kind during this period.

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

Finland's volume of plaster articles imports declined for the second consecutive year. In 2020, import volume amounted to 2 707 thousand US dollars, marking a moderate reduction of 9.4% compared to 2019. Over the 2017-2020 period, imports decreased by 9.5%, with a compound annual growth rate of -3.3%. The highest import value was recorded in 2018 at 3 511 thousand US dollars, with the largest annual increase of 17.4% that year. The largest decline occurred in 2019, when imports fell by 14.9%.

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

From 2017 to 2020, three main markets—Poland, Denmark, and Germany—together accounted for 68.8% of the total value of plaster articles imports to Finland.

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

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