Finland: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Finland

The Finnish non-electric industrial furnace market declined remarkably to $X in 2022, dropping by -20.1% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Non-Electric Industrial Furnace Production in Finland

In value terms, non-electric industrial furnace production dropped sharply to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when the production volume increased by 73% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Finland

In 2022, overseas shipments of non-electric industrial or laboratory furnaces and ovens were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, faced a significant curtailment. The pace of growth was the most pronounced in 2018 with an increase of 6,146% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports stood at $X in 2022. Overall, exports, however, continue to indicate a sharp curtailment. The growth pace was the most rapid in 2018 when exports increased by 6,684% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Estonia (X units) and Uruguay (X units) were the main destinations of non-electric industrial furnace exports from Finland, together comprising 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +71.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Hong Kong SAR ($X) and Uruguay ($X) were the largest markets for non-electric industrial furnace exported from Finland worldwide, with a combined 95% share of total exports. Estonia, Switzerland, Brazil and Taiwan (Chinese) lagged somewhat behind, together comprising a further 3.6%.

Estonia, with a CAGR of +18.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, shrinking by -69.6% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 230% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+155.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Industrial Furnace Imports

Imports into Finland

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were imported into Finland; remaining constant against the previous year's figure. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 297% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. Overall, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2016 with an increase of 170%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest non-electric industrial furnace supplier to Finland, accounting for a 85% share of total imports. Moreover, non-electric industrial furnace imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was taken by the UK (X units), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.1% per year) and the UK (-4.0% per year).

In value terms, Italy ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Finland, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 27% share of total imports. It was followed by the UK, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and the UK (+2.1% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, growing by 65% against the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 226%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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