In 2023, the import of electric motors and generators to Finland stood at 166.65 million US dollars. Over the past decade, the market has experienced fluctuations, with a notable decline in 2015 and 2020. The year-on-year variations showed significant changes, such as a -16.84% drop in 2020 and a 20.71% increase in 2021. However, recent years have seen more stability, with minimal increases in 2022 and 2023 at 0.19% and 0.18%, respectively. The compound annual growth rate (CAGR) over the last five years was -0.47%, indicating a slight downturn.
Looking forward, the import of electric motors and generators to Finland is forecasted to grow modestly, with a five-year CAGR of 0.15% and a total growth rate of 0.75% by 2028. Future trends to watch for include potential impacts of technological advancements, shifts in global supply chains, and evolving energy policies, which could influence market dynamics.
