Forecast: Import of Batteries and Accumulators to Finland

The import of batteries and accumulators to Finland witnessed a varied growth pattern from 2013 to 2023. In 2023, the import value stood at 92.941 million items. While the initial years saw fluctuations, notable growth was observed starting in 2015, peaking in 2016 with a 15.42% year-on-year increase. However, from 2017 to 2023, the market stabilized, maintaining a moderate to low growth rate, culminated by a steady 2.1% increase in 2023. The compound annual growth rate (CAGR) over the last five years stood at 2.17%.

Looking forward into 2024 and beyond, the forecasted data suggest a continuous albeit moderate growth trend, with a CAGR of 1.61% and an overall five-year growth rate of 8.31%, leading to an anticipated import value of 102.94 million items by 2028.

Future trends to watch for:

• An increasing adoption of electric vehicles and renewable energy storage solutions contributing to higher battery imports.
• The influence of emerging technologies and innovations in battery and accumulator efficiencies.
• Potential regulatory changes and sustainability considerations impacting the import market dynamics.