Valves for oleohydraulic or pneumatic transmissions market in Finland

Earlier Report Observations

The market for valves in Finland showed considerable fluctuation between 2018 and 2024. It contracted from 122.0 million US dollars in 2018 to 93.8 million in 2020, then rebounded sharply to 129.6 million in 2021 before entering a new downward phase, ending at 103.0 million in 2024.

In 2024, the industry landscape featured product innovation, notably with Jouka Oy launching a new hydrogen valve at the Energia 2024 fair in October. This introduction signaled the emergence of a new product segment, occurring alongside broader market trends like increased automation and Industry 4.0 adoption influencing valve technology development.

Production valves for oleohydraulic or pneumatic transmissions in Finland

In value, 2017-2020, K $ US

Finland's production volume of valves for oleohydraulic or pneumatic transmissions declined for the second consecutive year. In 2020, output was valued at 17 742 thousand US dollars, marking a strong year-over-year gain of 11.9%. Over the period from 2017 to 2020, production decreased by 5.1%, with a compound annual growth rate of 1.7%. The maximum value was recorded in 2018 at 20 923 thousand US dollars, which also saw the largest increase of 11.9%.

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

In kind, 2017-2020, t

In 2020, Finland produced 353.1 tonnes of valves for oleohydraulic or pneumatic transmissions, representing a 5.5% year-over-year increase. Between 2017 and 2020, production decreased by 44.6%, equating to an annualized decline of 17.9%.

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

Exports valves for oleohydraulic or pneumatic transmissions from Finland

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2019 at 41 tonnes, then surged to 628 tonnes in 2020, reflecting a dramatic gain of 1,439.2% compared to the previous year. The maximum value was recorded in 2018 at 707 tonnes, with a 17-fold swing between the 2018 peak and the 2019 low. The largest decline occurred in 2019, dropping by 94.2%.

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

From 2017 to 2020, Norway, Russia, and Estonia were the main buyers of valves for oleohydraulic or pneumatic transmissions from Finland, accounting for 20.7%, 15.5%, and 14.2% of exports in kind, respectively. Together, these three countries comprised 50.4% of total exports in kind.

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

After a two-year gain, Finland's export volume of valves for oleohydraulic or pneumatic transmissions declined. In 2020, exports totalled 29.9 million US dollars, marking a controlled decline of 6.3% compared to 2019. Between 2017 and 2020, exports increased by 14.1%, equating to an annualized growth rate of 4.5%. The maximum value was recorded in 2019 at 31.9 million US dollars, while the largest increase occurred in 2018 at 19.2%.

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

From 2017 to 2020, the partner structure for exports in value terms was balanced rather than concentrated. The Netherlands, Russia, and Norway accounted for 17.2%, 14.2%, and 13.7% of exports in value terms, respectively, jointly representing 45.1% of total flows. Many other countries accounted for the remaining 54.9%.

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

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

Imports valves for oleohydraulic or pneumatic transmissions to Finland

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Imports reached their minimum in 2019 at 68 tonnes, then rose sharply to 2 503 tonnes in 2020, equivalent to a dramatic uptick of 3,572.8% compared to the previous year. The maximum value was recorded in 2018 at 3 120 tonnes, with a 46-fold variation between the 2018 peak and the 2019 low. The largest decline occurred in 2019, dropping by 97.8%.

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

From 2017 to 2020, Germany, Sweden, and Italy led the structure of imports in kind, accounting for 39.9%, 18.0%, and 16.1% of imports, respectively. Together, these three countries represented 74.0% 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, M $ US

Finland's import volume of valves for oleohydraulic or pneumatic transmissions declined for the second consecutive year. In 2020, import volume stood at 106.0 million US dollars, down by 12.7% versus the previous year. Between 2017 and 2020, imports decreased by 7.6%, equating to an annualized decline of 2.6%. The maximum value was recorded in 2018 at 132.3 million US dollars, which also saw the largest increase of 15.4%.

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

Throughout 2017 to 2020, the three largest markets—Germany, Sweden, and Italy—remained central to imports in value terms, together accounting for 70.0% 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