Weighing machines excluding balances with sensitivity of 5 cg or better including weight-operated counting or checking machines and weights of all kinds market in Finland

Earlier Report Observations

The market for weighing machines in Finland exhibited significant fluctuations between 2018 and 2024. It began at 19.3 million US dollars in 2018, contracted to 18.5 million in 2019, and then saw a modest recovery to 18.9 million in 2020.

A substantial expansion occurred in 2021, with the market size surging 18.3% to 22.4 million US dollars. This growth reversed over the subsequent two years, as the market declined to 19.4 million in 2022 and further to 18.0 million in 2023.

The market rebounded sharply in 2024, jumping 46.4% to reach 26.3 million US dollars, which marked the highest level observed in the entire period.

Production weighing machines and weights in Finland

In value, 2017-2020, K $ US

Finland's production of weighing machines (excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds) increased for the second consecutive year. In 2020, output was valued at 11 892 K $ US, reflecting a moderate rise of 4.1% compared to 2019. The lowest value was recorded in 2018 at 11 376 K $ US, which also saw the largest decline of 3.1%.

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

Exports weighing machines and weights from Finland

Exports in kind, t

The market showed an unstable trend throughout the period. Export volumes reached their lowest point in 2019 at 20.4 t, with the largest decline of 50.0% that year. In 2020, exports surged to 87.6 t, marking a sharp increase of 329.2% from 2019 and the highest level in the timeframe, representing a 4.3-fold shift from the 2019 minimum.

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

From 2017 to 2020, the export market in kind was broadly diversified. Russia (24.8% of exports in kind), Sweden (12.3%), and Estonia (11.4%) together accounted for 48.5% of total flows, while the remaining 51.5% was distributed among numerous other countries.

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

Finland's exports of weighing machines (excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds) in value terms declined in 2020 to 4 838 K $ US, down 19.3% from 2019. The highest value was recorded in 2019 at 5 992 K $ US, which also saw the largest increase of 21.2%. Over the 2017-2020 period, exports decreased by 18.8%, with a compound annual growth rate (CAGR) of -6.7%.

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

From 2017 to 2020, Sweden (14.8% of exports in value terms), the Netherlands (11.7%), and Russia (10.2%) were among the largest buyers of these weighing machines from Finland. However, even combined, they represented only 36.6% of total exports in value terms, indicating a broadly diversified partner base.

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

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

Imports weighing machines and weights to Finland

Imports in kind, t

Import levels in kind experienced noticeable fluctuations during the period. The lowest value was recorded in 2019 at 50.9 t, with the largest decline of 91.0% that year. In 2020, imports jumped to 639.5 t, a steep increase of 1,156.8% from 2019. Overall, import levels varied 12.6-fold between the high of 2017 and the low of 2019.

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

From 2017 to 2020, China (62.4% of imports in kind), Germany (11.3%), and Sweden (5.0%) were the main sources for imports in kind of these weighing machines to Finland, together accounting for 78.6% 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

After a two-year advance, imports of weighing machines (excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds) in value terms declined in Finland. In 2020, imports totaled approximately 11 842 K $ US, marking a moderate drop of 9.2% from 2019. The highest value was recorded in 2019 at 13 046 K $ US, while the largest increase occurred in 2018 at 11.1%. Over the 2017-2020 period, imports increased by 2.2%, with a compound annual growth rate (CAGR) of 0.7%.

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

From 2017 to 2020, Germany (27.4% of imports in value terms), China (21.4%), and Spain (13.4%) were the main markets for imports in value terms of these weighing machines to Finland, together accounting for 62.2% 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