The Finnish fibre optic cables turnover has experienced notable fluctuations over the past decade. The turnover grew from 34.3 million euros in 2013 to 66.7 million euros in 2023. Key year-on-year variations include a significant drop in 2013 (-20.05%) and peaks in 2018 (+26.64%) and 2014 (+23.91%). The recent trend shows moderate growth with +3.41% year-on-year in 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicates a steady but moderate average growth of 2.17% per year.
From 2024 onwards, the forecast shows a continuous upward trend with the turnover expected to hit 77.2 million euros by 2028. The forecasted five-year CAGR is projected to be 2.3%, indicating incremental growth. The forecasted five-year growth rate from 2023 to 2028 is estimated to be 12.05%, reflecting ongoing expansion in the market.
Future trends to watch for:
- Increasing demand for high-speed internet and advanced telecommunications infrastructure.
- Technological advancements in fibre optic manufacturing and deployment.
- Government initiatives to improve broadband connectivity in rural and underserved areas.
