The sold production of cement in Finland exhibited fluctuations over the past decade. Between 2013 and 2015, the yearly value of cement sold declined consistently, with a significant 4.6% drop in 2015. However, a rebound occurred in 2016 with a 9.39% increase, followed by an 11.99% rise in 2017, indicating a positive turnaround. In subsequent years, from 2018 to 2020, the variations were minor but positive. The cement market growth regained momentum in 2021 and remained steady through 2023, culminating in a 3.53% increase from 2022 to 2023.
For 2024, the sold production of cement in Finland was 141.78 million euros. Looking into the future, the cement market is forecasted to grow consistently from 2024 to 2028, with a compound annual growth rate (CAGR) of 2.43%. The forecasted CAGR suggests a sustained positive trend in the medium term, with an overall growth rate of 12.75% over the next five years.
Future trends to watch for include the impact of sustainability initiatives on cement production, potential technological advancements in construction materials, and shifts in demand due to macroeconomic factors. Keeping an eye on regulatory changes and the industry's adaptation to new environmental standards will also be crucial.
