Market research

Portland cement market in Finland

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Finnish Portland cement market from 2018 to 2020 was influenced by the strong infrastructure presence of key player Finnsementti, which operates multiple cement and slag terminals across the country. The COVID-19 pandemic in 2020 caused global disruptions, yet the market showed resilience with a slight volume increase to 1 456 thousand tons after a minor dip in 2019.

Market volume surged by 6% in 2021 to reach 1 544 thousand tons, the highest point in the period. This was followed by a stabilization in 2022, with volume easing to 1 522 thousand tons.

A sharp contraction occurred in 2023 and 2024, driving market volume down to 1 084 thousand tons and then 882 thousand tons. This decline coincided with the stabilization of import prices after their 2021 peak, which affected the market's monetary value while physical consumption fell significantly.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2024, K t
  2. 5.1.2. In value, 2018-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production portland cement in Finland

In value, 2017-2020, M $ US

In 2018, the output value of portland cement in Finland reached its peak at 145.4 million US dollars. This was followed by a decline to 136.8 million US dollars in 2019, representing a decrease of 5.9%. In 2020, the value recovered to 142.6 million US dollars, marking a 4.2% increase compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.6%	(5.9%)	4.2%	(0.5%)

Source: SHEV.io

In kind, 2017-2020, K t

After two consecutive years of decline, Finland's portland cement production showed signs of stabilization. In 2020, production amounted to 1 436 thousand tonnes, remaining nearly unchanged from the previous year. Over the period from 2017 to 2020, overall production decreased by 5%, with a compound annual growth rate of -1.7%. The lowest production level was recorded in 2019 at 1 430 thousand tonnes, while the largest annual decline occurred in 2018 at 3.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.2%)	(2.2%)	0.4%	(1.7%)

Source: SHEV.io

Exports portland cement from Finland

Exports in kind, t

The market displayed considerable volatility throughout the period. Export volumes reached their lowest point in 2018 at 39 tonnes, then surged to a peak of 71 tonnes in 2019, representing an 81.8% increase. In 2020, exports fell to 63 tonnes, reflecting an 11.8% contraction compared to the previous year. The overall fluctuation between the high in 2019 and low in 2018 was 1.8-fold, with the largest decline of 18.9% occurring in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.9%)	81.8%	(11.8%)	9.2%

Source: SHEV.io

From 2017 to 2020, Finland's portland cement exports were heavily concentrated, with Norway accounting for 99.6% of total export volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market performance showed significant instability during this timeframe. Export values bottomed at 8 thousand US dollars in 2019, then climbed dramatically to 18 thousand US dollars in 2020, representing a 127.2% increase. The fluctuation between these years was 2.3-fold, with the largest decline of 42.3% occurring in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.7%	(42.3%)	127.2%	13.9%

Source: SHEV.io

During the 2017-2020 period, Finland's portland cement export market was highly concentrated, with Norway responsible for 92.2% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports portland cement to Finland

Imports in kind, t

Market behavior was characterized by substantial volatility during these years. Import volumes reached their lowest point in 2019 at 5 067 tonnes, then surged to 20 311 tonnes in 2020, representing a 300.9% increase. The overall fluctuation between these years was 4-fold, with the largest decline of 54.6% occurring in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(32.9%)	(54.6%)	300.9%	6.9%

Source: SHEV.io

From 2017 to 2020, Denmark served as the primary source for Finland's portland cement imports, consistently accounting for 98.7% of total import volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Noticeable fluctuations marked market performance throughout the period. Import values reached their lowest point in 2019 at 655 thousand US dollars, then jumped dramatically to 3 346 thousand US dollars in 2020, representing a 410.5% increase. The overall fluctuation between these years was 5.1-fold, with the largest decline of 63.9% occurring in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.0%)	(63.9%)	410.5%	10.4%

Source: SHEV.io

During the 2017-2020 period, Finland's portland cement imports were predominantly sourced from Denmark, which accounted for 97.7% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io