From vast forests powering a world-class paper industry to cutting-edge factories producing everything from elevators to lifesaving pharmaceuticals, Finland's industrial landscape is a powerhouse of innovation and efficiency, contributing over €52 billion to the nation's economy.
Key Takeaways
- In 2022, Finland's manufacturing sector output reached €52.3 billion, accounting for 18.2% of GDP
- Finnish manufacturing employment stood at 437,000 persons in 2023, a 1.2% decrease from 2022
- The value added in Finnish manufacturing grew by 3.4% in 2023 compared to 2022, reaching €28.1 billion
- In 2022, Finland's forestry industry produced 17.8 million cubic meters of sawn timber
- Finnish paper production totaled 8.9 million tons in 2022, down 2.1% from 2021
- Forestry sector employment in Finland was 22,500 in 2023
- In 2022, Finland's metal industry produced 2.4 million tons of crude steel
- Stainless steel production in Finland reached 2.1 million tons in 2023
- Metal industry employment: 48,000 persons in Finland 2023
- In 2022, Finland's chemical industry turnover was €15.8 billion
- Chemical manufacturing employment: 28,000 in Finland 2023
- Paints and coatings production: 250,000 tons in Finland 2022
- In 2022, Finland's energy production totaled 68 TWh from renewables
- Electricity production capacity in Finland: 18 GW in 2023
- Wind power generation: 14.5 TWh in Finland 2023, up 15%
Finnish industry is growing in output and value while becoming more efficient and greener.
Chemicals
- In 2022, Finland's chemical industry turnover was €15.8 billion
- Chemical manufacturing employment: 28,000 in Finland 2023
- Paints and coatings production: 250,000 tons in Finland 2022
- Fertilizer production output: 2.5 million tons Finland 2023
- Chemical exports from Finland: €12.4 billion in 2022
- Pharmaceutical sales by Finnish firms: €5.2 billion in 2023
- Plastics manufacturing output: 1.1 million tons Finland 2022
- Refined petroleum products value: €8.9 billion turnover 2022 Finland
- Chemical industry R&D: €850 million in 2022 Finland
- Rubber products production: 45,000 tons Finland 2023
- Bio-based chemicals production capacity: 300,000 tons/year Finland 2023
- Chemical energy consumption: 120 TWh in Finland 2022
- Number of chemical companies: 1,800 in Finland 2023
- Detergents and cleaning agents output: €1.2 billion Finland 2022
- Chemical industry emissions: 8.5 Mt CO2eq Finland 2022
- Fine chemicals exports growth: 5.6% to €3.1 billion 2023 Finland
- Polymer production: 650,000 tons in Finland 2022
- Explosives manufacturing turnover: €0.4 billion Finland 2023
- Chemical recycling rate: 28% in Finland 2022
Chemicals Interpretation
While Finland's chemical sector paints a €15.8 billion picture of prosperity—from fertilizing fields to pharmaceutical sales—its 8.5 million tons of emissions remind us that every ton of polymer and liter of paint leaves a carbon footprint it is now urgently trying to recycle.
Energy
- In 2022, Finland's energy production totaled 68 TWh from renewables
- Electricity production capacity in Finland: 18 GW in 2023
- Wind power generation: 14.5 TWh in Finland 2023, up 15%
- Nuclear electricity output: 41 TWh from Finland's plants in 2022
- District heating production: 38 TWh in Finland 2022
- Bioenergy share in total energy: 30% or 1,450 PJ in 2022 Finland
- Hydropower generation: 12.8 TWh in Finland 2023
- Energy industry employment: 18,000 in Finland 2023
- Total primary energy consumption: 1.3 million TJ in Finland 2022
- Olkiluoto 3 nuclear unit output: 11.8 TWh in 2023 Finland
- Solar PV capacity installed: 800 MW in Finland end-2023
- Peat energy production: 2.5 TWh in Finland 2022
- Energy exports net: 20 TWh electricity from Finland 2023
- Heat pump installations: 45,000 units in Finland 2022
- Energy efficiency improvement: 2.1% in industry Finland 2022
- Carbon capture capacity planned: 1 Mt CO2/year by 2030 Finland
- Fossil fuel share in electricity: 5% in Finland 2023
- Energy prices for industry: €0.085/kWh electricity Finland 2023 avg
- Hydrogen production pilot capacity: 10 MW electrolysis Finland 2023
Energy Interpretation
Finland’s energy story is a masterclass in quietly showing off: they’ve built a formidable, nearly fossil-free power base where nuclear provides the steadfast backbone, wind is the ambitious sprinter, and bioenergy is the reliable workhorse, all while keeping their homes toasty and their industrial bills surprisingly reasonable.
Forestry
- In 2022, Finland's forestry industry produced 17.8 million cubic meters of sawn timber
- Finnish paper production totaled 8.9 million tons in 2022, down 2.1% from 2021
- Forestry sector employment in Finland was 22,500 in 2023
- Value of roundwood purchases by Finnish forest industries: €2.4 billion in 2022
- Pulp production in Finland reached 9.2 million tons in 2022
- Export value of Finnish forest industry products was €13.6 billion in 2023
- Forest area in Finland covers 23.3 million hectares, 73% of land area in 2023
- Annual fellings in Finland totaled 79 million cubic meters in 2022
- Plywood production in Finland was 1.3 million cubic meters in 2022
- Forest industry turnover in Finland: €19.7 billion in 2022
- Number of forestry enterprises in Finland: 45,000 in 2023
- Growing stock volume in Finnish forests: 2.56 billion cubic meters in 2023
- Carbon sink from Finnish forests: 22 million tons CO2 per year average 2018-2022
- Mechanical wood processing output: €10.2 billion in 2022 Finland
- Chemical pulp mills produced 7.5 million tons in Finland 2022
- Forestry machinery sales in Finland: 1,200 units in 2023
- Private forest owners in Finland: 620,000 in 2023
- Forest road network length: 96,000 km in Finland 2023
- Sawn goods export volume: 10.5 million m³ from Finland in 2023
- Paperboard production: 3.1 million tons in Finland 2022
- Forestry R&D investment: €150 million in 2022 Finland
- Biodiversity in managed forests: 45% of area certified in 2023 Finland
- Roundwood export from Finland: 2.1 million m³ in 2022
Forestry Interpretation
Finland's vast green vault, spanning 73% of the country, is a meticulously managed engine of economic might, producing enough timber to build a small city and paper to document its existence, all while its growing stock quietly inhales a year's worth of carbon from millions of cars, proving that a nation can indeed run on trees—if you’re as serious about the science as you are about the saw.
Manufacturing
- In 2022, Finland's manufacturing sector output reached €52.3 billion, accounting for 18.2% of GDP
- Finnish manufacturing employment stood at 437,000 persons in 2023, a 1.2% decrease from 2022
- The value added in Finnish manufacturing grew by 3.4% in 2023 compared to 2022, reaching €28.1 billion
- In 2022, machinery and equipment manufacturing contributed €12.5 billion to Finland's industrial output
- Food manufacturing in Finland had a turnover of €14.2 billion in 2022, employing 32,000 people
- Electronics manufacturing output in Finland was €8.7 billion in 2023, with exports at 65% of production
- Finnish manufacturing productivity per hour worked increased by 2.1% in 2022 to €48.3
- Turnover in Finnish manufacturing enterprises rose 7.5% to €112.4 billion in 2022
- In 2023, the manufacturing sector's energy consumption was 145 TWh, 28% of total energy use
- R&D expenditure in Finnish manufacturing reached €5.6 billion in 2022, 4.2% of turnover
- Plastic products manufacturing in Finland produced 1.2 million tons in 2022
- Textile manufacturing employment in Finland was 5,200 in 2023, down 0.8%
- Finnish furniture manufacturing turnover hit €1.8 billion in 2022
- Vehicle manufacturing output value was €3.4 billion in Finland 2022
- Pharmaceutical manufacturing sales in Finland totaled €4.1 billion in 2023
- In 2022, basic metals manufacturing contributed 12% to industrial value added in Finland
- Printing and reproduction of recorded media turnover was €0.9 billion in 2022 Finland
- Other manufacturing sectors grew 4.7% in output value to €6.2 billion in 2023 Finland
- Finnish manufacturing export share was 42% of total exports in 2023, valued at €48.9 billion
- Capacity utilization in Finnish manufacturing averaged 82.3% in 2022
- Manufacturing investment in Finland was €7.2 billion in 2022, up 5%
- In 2023, Finnish manufacturing firms numbered 12,450, with SMEs dominating 95%
- Labor costs in manufacturing averaged €45.2 per hour in 2022 Finland
- Manufacturing waste generation was 4.5 million tons in Finland 2022
- Digitalization index in Finnish manufacturing reached 68/100 in 2023
- Manufacturing greenhouse gas emissions totaled 15.2 Mt CO2eq in 2022 Finland
- In 2022, 65% of Finnish manufacturing used renewable energy sources
- Manufacturing patent applications from Finland: 2,450 in 2022
- Supplier delivery index in manufacturing was 92.1 in Q4 2023 Finland
- New orders in manufacturing grew 6.8% YoY in Jan 2024 Finland
Manufacturing Interpretation
Finland's industrial heart is beating strongly, though it's on a strict diet: it's producing significantly more value with slightly fewer hands, consuming less energy per euro created, and fueling its future with a potent mix of high-tech exports, R&D, and renewable power.
Metals
- In 2022, Finland's metal industry produced 2.4 million tons of crude steel
- Stainless steel production in Finland reached 2.1 million tons in 2023
- Metal industry employment: 48,000 persons in Finland 2023
- Turnover of Finnish metal industry: €25.6 billion in 2022
- Machine manufacturing output value: €18.4 billion in Finland 2022
- Fabricated metal products turnover: €12.1 billion Finland 2023
- Finnish steel exports: 1.8 million tons in 2023
- Metal ore mining production: 1.2 million tons in Finland 2022
- Copper production from Finnish mines: 45,000 tons in 2023
- Metal industry R&D spend: €1.2 billion in 2022 Finland
- Foundry products output: 250,000 tons castings in Finland 2022
- Shipbuilding deliveries from Finland: 15 vessels worth €1.3 billion in 2023
- Metal processing energy use: 25 TWh in Finland 2022
- Number of metal firms: 3,200 in Finland 2023
- Elevator manufacturing exports: €1.7 billion from Finland 2022
- Zinc concentrate production: 120,000 tons Finland 2023
- Metal industry productivity growth: 3.2% in 2022 Finland
- Forging and pressing output value: €2.8 billion Finland 2022
- Nickel production: 20,000 tons from Finnish operations 2023
- Metal waste recycling rate: 92% in Finland 2022
- Crane manufacturing turnover: €0.9 billion Finland 2023
- Chromium mine output: 1.1 million tons ore Finland 2022
Metals Interpretation
Despite accounting for less than 1% of its population, Finland's metal industry forges a quarter of its exports and 92% of its scrap metal into an economic engine of stainless resilience.
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