Finland: Wood Tool Market 2025

Wood Tool Market Size in Finland

The Finnish wood tool market soared to $X in 2021, increasing by 44% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.8% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Tool Production in Finland

In value terms, wood tool production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decline. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Tool Exports

Exports from Finland

In 2021, the amount of tools of wood exported from Finland skyrocketed to X tons, with an increase of 37% on 2020. Overall, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +124.4% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood tool exports skyrocketed to $X in 2021. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of wood tool exports from Finland, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +78.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for tools of wood exports from Finland, comprising 46% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports. It was followed by Denmark, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Estonia totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+16.5% per year) and Denmark (+80.9% per year).

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, falling by -9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the 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 South Korea ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Finland

In 2021, approx. X tons of tools of wood were imported into Finland; jumping by 17% compared with the previous year's figure. Overall, imports, however, recorded a mild setback. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wood tool imports skyrocketed to $X in 2021. In general, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X tons), Estonia (X tons) and Poland (X tons) were the main suppliers of wood tool imports to Finland, together comprising 70% of total imports. Sweden, Germany, Lithuania, Italy and China lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool suppliers to Finland were Estonia ($X), Italy ($X) and Latvia ($X), with a combined 47% share of total imports.

Italy, with a CAGR of +37.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood tool import price stood at $X per ton in 2021, surging by 26% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 35%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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