Window, wall, ceiling or floor air conditioning units market in Finland

Earlier Report Observations

The market for window, wall, ceiling, or floor air conditioning units in Finland experienced substantial growth from 2018 to 2022, with total market size increasing from 119.1 million dollars to 221.8 million dollars. This expansion was supported by a sharp rise in imports, which reached 124.5 million dollars in 2022. After peaking that year, the market entered a contraction phase, declining to 160.0 million dollars in 2023 and further to 122.3 million dollars in 2024.

The market's downturn in 2024 coincided with widespread inflation and an economic recession, which reduced household purchasing power and dampened demand for durable goods like air conditioners. Earlier, in 2023, marketing trends began highlighting strategic creativity, artificial intelligence, and heightened consumer data privacy concerns under the continuing influence of the GDPR, reflecting shifts in how products were promoted and perceived. Concurrently, tightening EU and national climate policy, along with growing consumer sustainability awareness, started to influence supply chain commitments and product preferences in the sector.

Production window, wall, ceiling or floor air conditioning units in Finland

In value, 2017-2020, M $ US

After two years of growth, production of window, wall, ceiling, and floor air conditioning units in Finland experienced a decline. In 2020, the output value stood at 129.7 million US dollars, marking a 5.8% decrease from the previous year. Over the 2017-2020 period, production increased by 18.9%, with a compound annual growth rate of 5.9%. The peak value was recorded in 2019 at 137.6 million US dollars, while the largest annual increase occurred in 2018 at 15.8%.

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

In kind, 2017-2020, unit

Following two years of expansion, Finland's production volume of window, wall, ceiling, and floor air conditioning units decreased. In 2020, 86,401 units were produced, representing a significant 13.4% drop compared to 2019. The highest volume was achieved in 2019 with 99,787 units, which also saw the largest annual increase of 13.2%.

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

Exports window, wall, ceiling or floor air conditioning units from Finland

Exports in kind, K unit

The market displayed considerable volatility throughout the period. Export volumes reached their lowest point in 2019 at 37,500 units, then surged to 72,200 units in 2020—a 92.6% year-over-year increase. The peak was recorded in 2018 with 101,800 units, creating a 2.7-fold difference between the high and low points. The most substantial decline occurred in 2019, falling by 63.2%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K unit

From 2017 to 2020, Germany, Sweden, and Norway were the primary destinations for Finland's air conditioning unit exports in volume terms. Germany accounted for 45.3% of exports, Sweden for 23.8%, and Norway for 9.3%. Together, these three countries represented 78.4% of total export flows.

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 export value of window, wall, ceiling, and floor air conditioning units declined for the second consecutive year. In 2020, exports totaled 25.196 million US dollars, reflecting a substantial 20.7% decrease compared to the previous year. Between 2017 and 2020, exports fell by 18%, equivalent to an annualized decline of 6.4%. The highest value was recorded in 2018 at 32.348 million US dollars, which also saw the largest annual increase of 5.2%.

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

During the 2017-2020 period, Germany, Sweden, and Norway dominated Finland's air conditioning unit exports in value terms. Germany represented 54.7% of export value, Sweden 19.6%, and Norway 7.7%. Collectively, these three markets accounted for 82.0% of total export value.

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

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

Imports window, wall, ceiling or floor air conditioning units to Finland

Imports in kind, K unit

Import volumes showed significant fluctuations during these years. The lowest point was recorded in 2019 with 17,500 units, followed by a sharp recovery to 169,000 units in 2020—an 867.0% year-over-year increase. This created a 9.7-fold difference between the peak in 2020 and the trough in 2019. The most pronounced decline occurred in 2019, dropping by 76.1%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K unit

From 2017 to 2020, Thailand, Germany, and Sweden formed the core of Finland's air conditioning unit imports in volume terms. Thailand accounted for 24.7% of imports, Germany for 20.8%, and Sweden for 18.0%. Together, these three countries represented 63.5% of total import volume.

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

Finland's import value of window, wall, ceiling, and floor air conditioning units increased for the second year in a row. In 2020, imports reached 51.757 million US dollars, showing a strong 40.9% rise compared to 2019. Over the 2017-2020 period, imports grew by 104.9%, with a compound annual growth rate of 27.0%. The lowest value was recorded in 2018 at 25.059 million US dollars, which saw a slight decline of 0.8%. The largest annual increase occurred in 2019 at 46.6%.

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

Between 2017 and 2020, Thailand, Sweden, and China were the principal sources of Finland's air conditioning unit imports in value terms. Thailand accounted for 26.9% of import value, Sweden for 17.7%, and China for 17.4%. Together, these three countries represented 62.1% of total import value.

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

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