Market research

Vehicle locks market in Finland

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The Finnish vehicle locks market experienced a substantial contraction in value between 2018 and 2024. Starting at $7.9 million in 2018, the market size fell to $3.6 million by 2024, representing a decline of over 50%.

The steepest drop occurred from 2018 to 2020, when the market nearly halved to $4.0 million. A partial rebound to $4.8 million followed in 2021, but this recovery proved temporary. From 2022 onward, the market resumed its downward trend, slipping to $3.8 million in 2023 and $3.6 million in 2024.

This overall decline was driven primarily by a sharp fall in imports, which form the bulk of supply in Finland. Domestic production remained relatively stable but at a low level, while exports also decreased over the period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018, 2023-2024, unit
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production vehicle locks in Finland

In value, 2017-2020, K $ US

In 2020, the output value of vehicle locks in Finland was 278.7 thousand US dollars, marking a significant 17.0% decrease compared to 2019. Production declined by 14.4% between 2017 and 2020, which translates to an annualized rate of 5.0%. The highest value was recorded in 2019 at 335.9 thousand US dollars, with the largest increase that year of 4.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.9%)	4.2%	(17.0%)	(5.0%)

Source: SHEV.io

Exports vehicle locks from Finland

Exports in kind, t

The market showed an unstable trend throughout the period. Exports reached their lowest point in 2019 at 4.9 tonnes and peaked in 2018 at 16.0 tonnes, with a 3.3-fold difference between these years. In 2020, vehicle lock exports from Finland totaled 10.5 tonnes, representing a substantial 114.4% increase compared to 2019. The largest decline occurred in 2019, falling by 69.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.8%	(69.3%)	114.4%	(12.8%)

Source: SHEV.io

From 2017 to 2020, three main markets—Russia, Estonia, and Sweden—collectively accounted for 76.7% of Finland's total vehicle lock exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Exports of vehicle locks from Finland declined for the second consecutive year. In 2020, export value totaled 564 thousand US dollars, down 21.8% from the previous year. Over the 2017-2020 period, exports decreased by 17.4%, with a compound annual growth rate of -6.2%. The highest value was recorded in 2018 at 795 thousand US dollars, which saw the largest increase that year of 16.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.6%	(9.4%)	(21.8%)	(6.2%)

Source: SHEV.io

Between 2017 and 2020, three key markets—Russia, Italy, and Germany—together absorbed 67.8% of Finland's total vehicle lock exports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports vehicle locks to Finland

Imports in kind, t

Market behavior was volatile during these years. Imports hit their lowest point in 2019 at 15.7 tonnes and peaked in 2018 at 205.7 tonnes, varying 13.1 times between these extremes. In 2020, vehicle lock imports into Finland amounted to 192.8 tonnes, showing a dramatic increase of 1 128.0% compared to 2019. The largest decline occurred in 2019, dropping by 92.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.2%	(92.4%)	1 128.0%	4.9%

Source: SHEV.io

From 2017 to 2020, three major markets—Germany, Czechia, and China—were central to Finland's vehicle lock imports in volume terms, together representing 79.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Finland's vehicle lock imports declined for the second year in a row. In 2020, import value reached 4 286 thousand US dollars, indicating a sharp 30.5% reduction compared to the previous year. Over the 2017-2020 period, imports decreased by 36.3%, with a compound annual growth rate of -14.0%. The highest value was recorded in 2018 at 8 417 thousand US dollars, which experienced the largest increase that year of 25.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	25.1%	(26.8%)	(30.5%)	(14.0%)

Source: SHEV.io

Between 2017 and 2020, Germany and Czechia formed a dominant pair for Finland's vehicle lock imports in value terms, jointly accounting for 80.1% of total flows, while other countries made up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io