Stone granules and powder market in Finland

Earlier Report Observations

The market for stone granules and powder in Finland showed considerable volatility from 2018 to 2024. After relative stability in 2018-2019, the market volume in physical terms dipped in 2020, rebounded to a peak in 2021, and then entered a downward trend that accelerated into a sharp decline in 2024. In value terms, the market followed a similar pattern, with a pronounced drop in 2020 and subsequent fluctuations.

The sharp market contraction in 2024, with volume falling to 435.6 thousand tons, aligned with factors that dampened demand. Rising interest rates and decreased activity by investment funds cooled investment in the construction and industrial sectors, key users of crushed stone products. At the same time, a turnaround in forest land prices despite high timber prices signaled weaker demand for construction materials, further curtailing consumption of stone granules and powder.

Production stone granules and powder in Finland

In value, 2017-2020, K $ US

Finland's stone granules and powder production has grown for the second year in a row. In 2020, output reached 6,650 thousand US dollars, marking a steady year-on-year increase of 5.2%. Over the 2017-2020 period, production rose by 52.1%, with an average annual growth rate of 15.0%. The lowest value was recorded in 2018 at 3,933 thousand US dollars, which also saw the largest decline of 10.0%. In contrast, 2019 experienced the most significant increase at 60.8%.

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

In kind, 2017-2020, K t

The market showed considerable volatility during these years. Import levels varied significantly, with a 6.5-fold difference between the low of 2018 and the high of 2020. In 2020, Finland produced 263.6 thousand tonnes of stone granules and powder, reflecting a strong 11.8% gain compared to 2019. The minimum volume was recorded in 2018 at 40.4 thousand tonnes, which also saw the largest decline of 16.2%. Meanwhile, 2019 registered the biggest increase at 483.1%.

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

Exports stone granules and powder from Finland

Exports in kind, K t

Market behavior was marked by volatility throughout this period. The highest export volume was observed in 2017, while the lowest occurred in 2018, resulting in a peak-to-trough ratio of 5.2 times. In 2020, Finland's stone granules and powder exports amounted to 8.2 thousand tonnes, representing a significant decline of 13.9% compared to 2019. The minimum value was recorded in 2018 at 2.3 thousand tonnes, which also saw the largest decline of 80.8%. In contrast, 2019 experienced the most substantial increase at 319.7%.

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

From 2017 to 2020, Sweden and Estonia were the primary destinations for exports in kind, together accounting for 81.8% of total flows. The remaining share was distributed among other markets.

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

The market displayed an unstable trend over this timeframe. Import levels fluctuated by 3.4 times between the low of 2018 and the high of 2020. In 2020, stone granules and powder deliveries from Finland were valued at 1,332 thousand US dollars, up by 43.2% compared to 2019. The minimum value was recorded in 2018 at 390 thousand US dollars, which also saw the largest decline of 46.3%. Meanwhile, 2019 registered the biggest increase at 138.6%.

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

Between 2017 and 2020, Sweden (43.1% of exports in value terms), Estonia (30.8%), and Russia (19.0%) remained the main buyers of stone granules and powder from Finland. Together, these three countries accounted for 92.9% of total exports in value terms.

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

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

Imports stone granules and powder to Finland

Imports in kind, K t

Market performance showed noticeable fluctuations during this period. Import volumes peaked in 2018 and reached their minimum in 2017, with a top-to-bottom ratio of 3.4 times. In 2020, Finland's stone granules and powder imports stood at 427.0 thousand tonnes, corresponding to a robust decline of 22.4% compared to the previous year. The maximum value was recorded in 2018 at 743.1 thousand tonnes, which also saw the largest increase of 239.9%. In contrast, 2019 experienced the most significant decline at 25.9%.

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

From 2017 to 2020, the partner base for imports in kind was extremely narrow, with Norway alone responsible for 99.1% of total 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

Volatility characterized the market behavior during these years. Imports hit their maximum in 2018 and fell to the lowest point in 2017, showing a variation of 5.1 times. In 2020, cross-border shipments of stone granules and powder to Finland amounted to 36,388 thousand US dollars, marking a sharp decline of 36.0% from 2019. The maximum value was recorded in 2018 at 56,881 thousand US dollars, which also saw the largest increase of 408.8%.

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

Over the 2017-2020 period, Norway was by far the main source for imports in value terms of stone granules and powder to Finland, accounting for 97.6% of total flows.

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

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