Stainless household articles market in Finland

Earlier Report Observations

The market for stainless household articles in Finland showed moderate growth from $22.9 million in 2018 to $23.3 million in 2019, supported by established use of stainless steel in kitchenware and fluctuations in prices of key raw materials like nickel and molybdenum. In 2020, market volume dropped by 21% to $18.3 million as pandemic-related uncertainty altered supply chains and customer behavior.

After rebounding to $22.8 million in 2021, the market expanded rapidly to $29.3 million in 2022, partly due to rising production costs in agriculture and the food industry, which affected input prices. Growth continued in 2023, though at a slower pace to $32.4 million, amid price declines and instability linked to Germany’s weak economy. In 2024, the market reached $39.7 million, driven by the Finnish Food Authority’s requirements for easy-to-clean, stainless surfaces in food handling areas and growing consumer preference for domestic and eco-friendly kitchen products.

Production stainless household articles in Finland

In value, 2017-2020, K $ US

Finland's stainless household articles production declined for the second year in a row. In 2019, output was valued at 10 374 K $ US, but by 2020 it had dropped to 6 780 K $ US, a decrease of 33.4%. Over the period from 2017 to 2020, production fell by 27.3%, which translates to an annualized decline of 10.1%. The highest value was recorded in 2018 at 10 374 K $ US, with the largest increase that year of 11.2%.

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

In kind, 2017-2020, t

In 2020, Finland produced 537.5 t of stainless household articles, marking a significant increase of 24.4% compared to 2019. Over the years 2017 to 2020, production grew by 18.9%, averaging an annualized rate of 5.9%. The lowest output was in 2019 at 432.2 t, which saw the largest decline of 4.4%.

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

Exports stainless household articles from Finland

Exports in kind, t

Market performance showed noticeable fluctuations during this period. Exports reached their lowest point in 2019 at 18 t, with the largest decline that year of 96.7%. By 2020, Finland exported 589 t of stainless household articles, a dramatic increase of 3,127.6% compared to 2019. From the high in 2017 to the low in 2019, export volumes varied 39 times.

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

From 2017 to 2020, Sweden, Estonia, and Norway were the main destinations for Finland's stainless household articles exports in kind. Sweden accounted for 34.5% of exports, Estonia for 14.8%, and Norway for 13.5%, together making up 62.9% of total exports.

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

After a two-year decline, Finland's stainless household articles exports increased in 2020. Exports stood at 7 963 K $ US, up by 25.2% from 2019. Over the 2017-2020 period, exports decreased by 9.1%, with a compound annual growth rate of -3.1%. The lowest value was recorded in 2019 at 6 360 K $ US, and the largest decline occurred in 2018 at 21.5%.

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

Between 2017 and 2020, Sweden, Estonia, and Norway contributed the most to Finland's exports in value terms. Sweden made up 33.4% of exports, Estonia 12.1%, and Norway 11.9%, collectively accounting for 57.4% 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 stainless household articles to Finland

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Imports hit their lowest point in 2019 at 56 t, with the largest decline that year of 97.3%. In 2020, Finland imported 2 181 t of stainless household articles, a substantial increase of 3,781.3% compared to 2019. From the high in 2020 to the low in 2019, import volumes varied 39 times.

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

From 2017 to 2020, China, Vietnam, and India were the primary sources for Finland's stainless household articles imports in kind. China accounted for 65.0% of imports, Vietnam for 6.8%, and India for 4.6%, together representing 76.4% 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

Finland's stainless household articles imports increased for the third consecutive year. In 2020, imports totaled a specific value K $ US, showing minimal change from the previous year. Over the period from 2017 to 2020, imports grew by 2.4%, equating to an annualized rate of 0.8%.

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

Between 2017 and 2020, China, Vietnam, and Sweden were the main destinations for Finland's imports in value terms. China accounted for 54.6% of imports, Vietnam for 8.3%, and Sweden for 6.1%, jointly making up 69.0% 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