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Industry revenue of »manufacture of paper and paperboard« in Finland 2011-2023

The Finnish pulp and paper industry is one of the key revenue earners in the country, accounting for around 20 percent of all exports, with the Eurozone and Asia being the two largest recipients. In addition to that, Finland has also emerged as a global hotspot for related equipment and consulting services. The market size for the manufacture of paper and paperboard in the country is expected to increase from 21 billion U.S. dollars in 2017 to 24 billion U.S. dollars in 2023. Even though the jump is not that extreme, the sheer size of the market in relevance to the country’s size, demonstrates the health of the industry.

The Finnish paper industry is dominated by three companies, UPM, Stora Enso and Metsa Group, that also rank among the top companies in the country. By the end of 2018, there were 19 pulp producing mills, 17 paper mills and 14 paperboard mills in the country. Nine out of these were owned by UPM, 15 by Stora and as many as 12 by Metsa, thereby giving an idea of the extent of their domination of the market.

Industry revenue of »manufacture of paper and paperboard« in Finland from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Finland. The industry “manufacture of paper and paperboard“ has the code “C1712“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Finland"

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