The value of sold production of unwrought aluminium in Finland has exhibited significant fluctuation over the past decade, standing at €42.617 million in 2023. From 2013 to 2023, the market saw periods of both steady growth and sharp declines. Notable year-on-year variations include a dramatic 76.78% increase in 2021, followed by a 21.75% decrease in 2022, and a slight decline of 3.73% in 2023. Over the last five years, the compound annual growth rate (CAGR) was a marginal 0.53%, reflecting overall stability despite the volatility.
The forecast for the next five years suggests a declining trend, with a projected CAGR of -3.32% and an anticipated 15.55% decrease by 2028. This indicates that the market is expected to shrink persistently during this period.
Future trends to watch for:
- Global economic conditions that might impact commodity prices.
- Technological advancements in aluminium production that could reduce costs and increase efficiency.
- Environmental regulations and their influence on aluminium production and demand.
- Market demand from key industries such as construction and automotive.
