Finland: Prefabricated Buildings Market 2025

Prefabricated Buildings Market Size in Finland

In 2022, the Finnish prefabricated buildings market decreased by -3.4% to $X for the first time since 2015, thus ending a six-year rising trend. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then dropped modestly in the following year.

Prefabricated Buildings Production in Finland

In value terms, prefabricated buildings production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 27%. Prefabricated buildings production peaked at $X in 2021, and then declined in the following year.

Prefabricated Buildings Exports

Exports from Finland

In 2022, approx. X units of prefabricated buildings were exported from Finland; dropping by -13.6% on 2021 figures. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, prefabricated buildings exports shrank to $X in 2022. In general, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 45%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units), Sweden (X units) and the UK (X units) were the main destinations of prefabricated buildings exports from Finland, with a combined 52% share of total exports. Russia, France, Japan, Ukraine, Mongolia, Latvia, Germany and Slovakia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prefabricated buildings exported from Finland were Norway ($X), Sweden ($X) and France ($X), with a combined 55% share of total exports. The UK, Russia, Japan, Mongolia, Ukraine, Germany, Latvia and Slovakia lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Mongolia, with a CAGR of +48.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2022, increasing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Slovakia ($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 France (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Finland

In 2022, purchases abroad of prefabricated buildings decreased by -20.6% to X units, falling for the third year in a row after two years of growth. Overall, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 63%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, prefabricated buildings imports fell to $X in 2022. In general, imports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2016 when imports increased by 132%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Estonia (X units) constituted the largest supplier of prefabricated buildings to Finland, accounting for a 49% share of total imports. Moreover, prefabricated buildings imports from Estonia exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Lithuania (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Estonia totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-4.3% per year) and Lithuania (+70.1% per year).

In value terms, Estonia ($X) constituted the largest supplier of prefabricated buildings to Finland, comprising 46% of total imports. The second position in the ranking was held by Sweden ($X), with a 17% share of total imports. It was followed by Lithuania, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Estonia totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-6.4% per year) and Lithuania (+75.0% per year).

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, surging by 8.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 42%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($X per unit), while the price for Russia ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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