Market research

Powered hand tools market in Finland

Release date: Mar 30, 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 market for powered hand tools in Finland, measured in value, experienced notable changes from 2018 to 2024. Starting at USD 128.8 million in 2018, it dipped slightly the following year before rising steadily to a peak of USD 164.1 million in 2021. This upward trajectory reversed sharply in 2023, with the market contracting to USD 104.0 million and falling further to USD 94.3 million in 2024.

The significant decline in market value from 2022 onward was driven primarily by technological substitution and evolving consumer demand. Advances in battery technology have made cordless electric hand tools more viable, directly replacing many applications for traditional pneumatic and hydraulic tools. Simultaneously, a growing preference for energy-efficient and sustainable equipment has shifted demand away from certain hydraulic tools toward electric and pneumatic alternatives.

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 value
    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. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ 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, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
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, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ 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 powered hand tools in Finland

In value, 2017-2020, K $ US

Finland's production of powered hand tools has grown for the third consecutive year. In 2020, output reached 39 962 thousand US dollars, marking a 30.2% year-on-year increase. Over the 2017-2020 period, production rose by 47.6%, with a compound annual growth rate of 13.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.1%	3.9%	30.2%	13.9%

Source: SHEV.io

Exports powered hand tools from Finland

Exports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Export volumes varied significantly, with a 5.3-fold difference between the high in 2017 and the low in 2018. In 2020, Finland exported 804 tonnes of powered hand tools, down 13.8% from the previous year. The lowest volume was recorded in 2018 at 684 tonnes. The largest decline occurred in 2018, falling by 81.2%, while the largest increase was in 2019, rising by 36.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(81.2%)	36.2%	(13.8%)	(39.6%)

Source: SHEV.io

From 2017 to 2020, Russia, Belgium, and Estonia were the principal buyers of powered hand tools from Finland, accounting for 50.0%, 24.7%, and 5.2% of exports in kind, respectively. Together, they represented 79.9% of total exports in kind.

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, M $ US

Finland's cross-border shipments of powered hand tools have increased for the second consecutive year. In 2020, exports amounted to 59.2 million US dollars, up 17.6% year-on-year. Over the 2017-2020 period, exports decreased by 31.1%, with a compound annual growth rate of 11.7%. The lowest value was recorded in 2018 at 47.5 million US dollars, with the largest decline that year of 44.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(44.6%)	5.9%	17.6%	(11.7%)

Source: SHEV.io

From 2017 to 2020, Belgium, Russia, and the United States formed the main group of destinations for Finland's powered hand tool exports in value terms, with shares of 43.8%, 20.8%, and 5.4%, respectively. Combined, they accounted for 70.1% of total export flows.

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 powered hand tools to Finland

Imports in kind, t

Market performance showed noticeable fluctuations during the period. Import volumes varied widely, with a 27-fold difference between the maximum in 2017 and the minimum in 2019. In 2020, Finland imported 5 774 tonnes of powered hand tools, a 1 945.8% increase compared to 2019. The lowest volume was in 2019 at 282 tonnes, with the largest decline that year of 95.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(21.9%)	(95.2%)	1 945.8%	(8.5%)

Source: SHEV.io

Over 2017-2020, China, Germany, and Romania consistently led the country structure of imports in kind, with shares of 43.7%, 17.7%, and 9.3%, respectively. Together, they represented 70.7% of total import flows.

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, M $ US

After a two-year contraction, Finland's imports of powered hand tools from abroad have increased. In 2020, imports totaled 154.3 million US dollars, up 6.3% from the previous year. Over the 2017-2020 period, imports decreased by 5.7%, with a compound annual growth rate of 1.9%. The lowest value was recorded in 2019 at 145.1 million US dollars, while the largest decline occurred in 2018, falling by 10.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.3%)	(1.1%)	6.3%	(1.9%)

Source: SHEV.io

Over 2017-2020, China, Germany, and Sweden stood out as the main markets for Finland's imports in value terms, with shares of 33.5%, 20.3%, and 7.3%, respectively. Together, they accounted for 61.0% of total import flows.

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