Forecast: Sold Production of Motor Vehicle Parts and Accessories in Finland

The sold production of motor vehicle parts and accessories in Finland has shown a volatile trend over the past decade. From 2013 to 2023, it initially declined from 118.27 million euros in 2013 to a low of 98.464 million euros in 2015. It then recovered, peaking at 148.99 million euros in 2019. After a slight dip in 2020, the value rebounded to 160.75 million euros in 2023.

Key variations include a significant 16.78% increase in 2021 followed by a modest growth of 1.65% in 2022 and a further 7.09% rise in 2023. The Compound Annual Growth Rate (CAGR) over the last two years was approximately 2.07%, while the 5-year CAGR is 2.62%, indicating a consistent, albeit moderate, upward trend.

Looking ahead, by 2028, the forecasted value is expected to reach 189.65 million euros, with a projected 5-year growth rate of 13.8%. The consistent annual growth rate suggests cautious optimism for steady industry expansion.

Future trends to monitor include advancements in automotive technology, shifts towards electric vehicle components, and potential impacts of economic policies and global supply chain dynamics on production capacity and costs.