Transmission shafts including cam shafts and crank shafts and cranks market in Finland

Earlier Report Observations

The market for transmission shafts in Finland contracted from 103.3 million USD in 2018 to 91.9 million USD in 2020.

A strong rebound began in 2021, with market size expanding to 161.4 million USD by 2023. This growth aligned with a broader European Union recovery, where the transmission shafts market saw pronounced expansion and rising consumption after previous declines.

In 2024, the market dropped to 129.3 million USD, reflecting a sharp contraction across the EU as both production and consumption fell significantly.

Production transmission shafts and cranks in Finland

In value, 2017-2020, K $ US

Finland's production of transmission shafts, including camshafts and crankshafts, declined for the second consecutive year. In 2020, output was valued at 13 341 thousand US dollars, representing a 67.2% increase compared to 2019. Over the period from 2017 to 2020, production grew by 11.5%, which translates to an annualized rate of 3.7%. The highest value was recorded in 2018 at 20 008 thousand US dollars, with the largest increase of 67.2% also occurring that year. In contrast, the largest decline of 21.9% was observed in 2019.

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

In kind, 2017-2020, t

In 2020, Finland produced 968 tonnes of transmission shafts, including camshafts and crankshafts, marking a sharp decline of 29.4% compared to 2019. From 2017 to 2020, production increased by 3.4%, equivalent to an annualized growth rate of 1.1%.

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

Exports transmission shafts and cranks from Finland

Exports in kind, t

Export performance showed significant fluctuations during this period. Exports reached a low of 52 tonnes in 2019 and peaked at 1 280 tonnes in 2018, resulting in a 25-fold variation between these years. In 2020, shipments from Finland to abroad stood at 1 063 tonnes, representing a dramatic increase of 1,945.6% compared to the previous year. The largest decline of 95.9% was recorded in 2019.

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

From 2017 to 2020, three main markets—Italy, the Netherlands, and South Korea—collectively accounted for 64.7% of Finland's total exports in kind of transmission shafts, including camshafts and crankshafts.

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, M $ US

Finland's export volume of transmission shafts, including camshafts and crankshafts, declined for the second consecutive year. In 2020, exports amounted to 17.9 million US dollars, a drop of 26.9% compared to the previous year. Between 2017 and 2020, exports decreased by 15.5%, equating to an annualized decline of 5.5%. The highest value was recorded in 2018 at 26.4 million US dollars, with the largest increase of 24.6% also occurring that year.

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

From 2017 to 2020, exports in value terms of transmission shafts, including camshafts and crankshafts, from Finland were widely dispersed across partner countries. Italy accounted for 24.1% of exports, the Netherlands for 16.8%, and Bangladesh for 7.6%, with these three markets together representing 48.6% of total 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 transmission shafts and cranks to Finland

Imports in kind, t

Import levels exhibited an unstable trend throughout the timeframe. Imports fell to a low of 66 tonnes in 2019 and reached a high of 14 763 tonnes in 2018, resulting in a 223-fold variation between these years. In 2020, imported volumes tallied 13 074 tonnes, up by 19,663.6% from a year earlier. The largest decline of 99.6% was recorded in 2019.

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

From 2017 to 2020, Germany led as the top supplier of transmission shafts, including camshafts and crankshafts, to Finland, accounting for 61.6% of imports in kind. Czechia followed with 7.8%, and Italy with 6.1%, with their combined share reaching 75.5% of total imports in kind.

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, M $ US

The volume of transmission shaft imports, including camshafts and crankshafts, into Finland declined for the second consecutive year. In 2020, Finland imported a total of 96.5 million US dollars, marking a moderate drop of 9.7% year-on-year. Between 2017 and 2020, imports increased by 6.9%, equating to an annualized growth rate of 2.3%. The highest value was recorded in 2018 at 109.7 million US dollars, with the largest increase of 21.6% also occurring that year.

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

Throughout 2017 to 2020, three largest markets—Germany, Czechia, and Japan—remained central to imports in value terms, together accounting for 75.7% 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