Over the past decade, packaging paper production in Finland has shown variability, with significant fluctuations in year-on-year growth percentages, indicative of market volatility. From 2013 to 2016, production saw a steady rise, peaking in 2016 before experiencing a sharp decline in 2017. This drop was followed by a significant recovery in 2018, which continued to exhibit a sawtooth pattern up to 2023, where production stood at 4.42 million metric tons. Notably, negative growth was observed in 2020, influenced by global disturbances, followed by a series of recovery years.
Focusing on the last two years, 2022 and 2023, we see a year-on-year variation of -1.66% and 6.48% respectively, suggesting recent positive growth momentum. The compound annual growth rate (CAGR) over the past five years is reflected at a forecasted value of 0.94%, hinting at moderate and stable growth expectations.
Looking ahead, the projected data from 2024 to 2028 suggests a continuous upward trend in production, reaching 4.69 million metric tons by 2028. Future trends to watch for include advancements in sustainable packaging solutions and technical innovations, as these may significantly influence production volumes and market demand.