Helsinki, July 3, 2023 (Statistical Center of Finland) – The Finnish industrial sector experienced significant growth in 2022, with the total value of sold production reaching approximately €104.7 billion. Additionally, subcontracting fees accounted for around €3.4 billion, adding to the industry’s overall performance.
The latest industrial production statistics show that the total value of sold production in the industrial sectors B (Mining and Quarrying) and C (Manufacturing) amounted to nearly €105 billion in 2022. Among the various industries, the three largest contributors to the total value were the metal industry with €41.5 billion, the chemical industry with €24.8 billion, and the forest industry with €20.1 billion. The overall value of industrial production also includes mining activities and production from other sectors.
Key Highlights:
- The total value of sold industrial production amounted to approximately €104.7 billion.
- The metal industry accounted for 40% of the total value, followed by the chemical industry with 24% and the forest industry with 19%.
- Subcontracting fees totaled around €3.4 billion, with the metal industry contributing 68% to this amount.
- The value of sold production increased by 21% compared to the previous year, 2021, with a growth of €17.9 billion in absolute terms.
- A significant portion of the production value growth came from refined petroleum products, increasing from €5.0 billion to €12.1 billion. Other notable increases were seen in basic metals, metal products, and paper products.
In terms of industries, the metal industry was the largest contributor to the total value of sold production, accounting for around 40% or €41.5 billion. The chemical industry’s products represented approximately 24% of the total value, the forest industry’s products around 19%, and food products around 10%.
Subcontracting fees grew from €3.0 billion to €3.4 billion, with the most notable change observed in copper subcontracting, which increased by €122 million. The metal industry dominated the subcontracting activities, accounting for 68% of the entire subcontracting value.
For detailed information on specific products, the Statfin database provides more comprehensive data. It is important to note that starting from 2021, the statistics began to differentiate subcontracted production from the company’s own sold production, making comparisons with previous years not directly comparable.