Rubber and plastics machinery market in Finland

Earlier Report Observations

The market for rubber and plastics machinery in Finland was valued at 46.1 million USD in 2018. It expanded to 56.9 million USD in 2019, a growth supported by increased investment and a focus on automation and production efficiency within the domestic plastics and rubber products industry. This was followed by a decline to 52.0 million USD in 2020 and a further drop to 39.5 million USD in 2021.

Market size rebounded sharply to 56.0 million USD in 2022 before contracting to 35.1 million USD in 2023. The downturn in 3 was driven by constrained availability of plastic materials due to the war in Ukraine and Europe's energy crisis, which disrupted supply chains, alongside a 4% decline in turnover reported for Finland's machinery and metal products sector. In 2024, the market recovered to 49.7 million USD as lower plastic material prices and improved availability eased production pressures, while demand from the infrastructure and construction sectors provided support for machinery trade.

Digitalization and automation remained key underlying trends, influencing industrial investment and efficiency gains throughout the period, with large domestic corporations like Nokia and Neste also shaping technology development in the sector.

Production rubber and plastics machinery in Finland

In value, 2017-2020, K $ US

Finland's rubber and plastics machinery production declined for the second year in a row. In 2020, output was valued at 12 178 thousand US dollars, down 3.0% from the previous year. Over the 2017-2020 period, production fell by 19.9%, with an average annual decline of 7.1%. The highest production value was recorded in 2018 at 16 037 thousand US dollars, which saw a 5.5% increase. The sharpest drop occurred in 2019, with a 21.7% decrease.

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

Exports rubber and plastics machinery from Finland

Exports in kind, t

The market showed an unstable trend during this period. Finland exported 884 tonnes of rubber and plastics machinery in 2020, a dramatic increase of 1,251.0% compared to the previous year. The lowest export volume was in 2019 at 65 tonnes, marking a 92.9% decline. The highest was in 2018 at 927 tonnes. Import levels fluctuated significantly, with a 14.2-fold difference between the peak in 2018 and the low in 2019.

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

From 2017 to 2020, the main destinations for Finland's rubber and plastics machinery exports by volume were Saudi Arabia (24.7% of exports), Romania (18.4%), and Russia (14.2%). Together, these three countries accounted for 57.3% of total export flows.

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's rubber and plastics machinery exports reached 17 626 thousand US dollars, up 20.5% from the previous year. Over the 2017-2020 period, exports grew by 10.5%, with an average annual increase of 3.4%. The lowest value was in 2019 at 14 626 thousand US dollars, a 39.3% decline. The highest was in 2018 at 24 107 thousand US dollars, which saw a 51.1% increase.

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

From 2017 to 2020, Finland's rubber and plastics machinery exports by value were not highly concentrated. The top three destinations were Russia (21.6% of exports), China (13.4%), and Sweden (10.9%), which together represented 45.9% of total export flows.

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

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

Imports rubber and plastics machinery to Finland

Imports in kind, t

Finland imported 2 336 tonnes of rubber and plastics machinery in 2020, up 40.3% from the previous year. Over the 2017-2020 period, imports increased by 27.7%, with an average annual growth rate of 8.5%. The lowest import volume was in 2019 at 1 661 tonnes, a 30.7% decrease. The highest was in 2018 at 2 396 tonnes.

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

From 2017 to 2020, the key sources for Finland's rubber and plastics machinery imports by volume were Germany (23.8% of imports), Austria (17.8%), and India (11.0%). These three countries together accounted for 52.6% of total import flows.

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

After two years of growth, Finland's rubber and plastics machinery imports declined. In 2020, imports reached 57 458 thousand US dollars, down 2.5% from 2019. Over the 2017-2020 period, imports increased by 29.3%, with an average annual rise of 9.0%. The highest import value was in 2019 at 58 929 thousand US dollars. The largest increase occurred in 2018, with a 21.9% jump.

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

From 2017 to 2020, the main partners for Finland's rubber and plastics machinery imports by value were Germany (30.2% of imports), Italy (12.4%), and Austria (12.3%). Together, these three countries represented 55.0% of total import flows.

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

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