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STK Finland statistics: Wholesale of electrical products grew by 9.4 per cent in the second quarter

The value of wholesale of electrotechnical products in Finland increased by a whopping 9.4 percent in the second quarter of this year compared to the corresponding period last year, according to the recently completed wholesale statistics of the Finnish Electrotechnical Trade Association.

After a negative development in the first quarter, the second quarter broke its previous record in euros and raised the entire half-year to a new record. From the beginning of the year, sales increased by 3.2 percent.

"The growth figures show a very lively market situation both in Finland and internationally", says Martti Forss, President of the Finnish Electrotechnical Trade Association, CEO of Onninen Oy.

Investments in a cleaner environment and the reduction of CO2 emissions are reflected in public finances and investments, such as electric transport and traffic, solar energy, or wind power. The same trend is behind consumer demand, for example, for heat pumps.

"The weak second quarter of the corona year 2020, which was used as a benchmark, only partially explains the current growth figure", says Sallamaari Muhonen, CEO of the Finnish Electrotechnical Trade Association.

Our environment is becoming more technical as homes and institutions strive for energy efficiency and as our transport and energy systems are being renewed. Investors and builders of real estate and infrastructure have taken the potential of electrification seriously in the fight against climate change, which is of course also the direction where regulation drives them.

"I am mainly concerned about whether we will continue to have a skilled workforce, such as designers, salespeople, and workers for various areas of electrification", Muhonen says.

In the wholesale statistics produced by the Finnish Electrotechnical Trade Association, the sliding change in 12-month sales was + 2.8 percent. The change in sales per working day was + 5.9 percent in the second quarter compared to the sales figures for the corresponding period last year.

The original article, in Finnish, can be found here.


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