Between 2013 and 2023, the sold production of railway locomotives and rolling stock in Finland revealed considerable fluctuations. From 2013 to 2016, there was a generally upward trend with significant year-on-year variations. 2016 saw a peak following a substantial year-on-year increase. The period from 2017 to 2020 experienced volatility with a notable drop in 2020. By 2021, production rebounded sharply but declined again in 2022. In 2023, production showed a moderate recovery, standing at 78.344 million euros.
The last two years exhibited a decline followed by growth: 2022 saw a decrease of 39.91%, while 2023 registered a 14.26% increase. Over the past five years, the compound annual growth rate (CAGR) averaged 5.92%, indicating a relatively stable upward trend despite yearly volatilities.
Future trends to watch for:
- Forecasts indicate steady production growth from 2024 to 2028, with forecasts showing a modest average growth rate of 2.56% and a 5-year CAGR of 0.51%, suggesting stabilization.- Key factors to monitor include advancements in railway technologies, policy regulations, and investment in infrastructure that could impact production levels.- Emerging trends such as increased demand for sustainable transport solutions could sustain moderate long-term growth.
