The turnover for pulp, paper, and paperboard in Finland has experienced significant fluctuations over the past decade. Starting at 18.43 billion euros in 2013, it saw a peak at 20.1 billion euros in 2016 before a notable decline reaching a low of 13.2 billion euros in 2020. A rebound occurred thereafter with a value of 19.21 billion euros in 2023. The year-on-year variations show both sharp rises and falls, with drastic changes like a -18.25% drop in 2020 and a subsequent 21.7% increase in 2021. The compound annual growth rate (CAGR) reflects these variations, regaining positive momentum with a recent 2.62% over the last five years.
Looking forward, the industry is expected to grow steadily. Forecasts show continuous growth from 2024 to 2028, with a projected turnover reaching 22.89 billion euros by 2028. This period anticipates a 5-year CAGR of 2.78%, indicating a stable upward trend.
Future trends to watch for include technological advancements in production, sustainability measures, and potential shifts in consumer demand influenced by environmental consciousness. The industry's ability to innovate and adapt will be crucial for maintaining this forecasted growth.
