The production of synthetic rubber in Finland experienced fluctuations from 2013 to 2023, culminating in a value of 180.91 million kilograms in 2023. These changes have been characterized by notable ups and downs, including a significant decline in 2020 and a recovery in subsequent years. From 2013 to 2023, the average annual growth rate has shown variability, with periods of negative growth per year and positive rebounds.
Year-on-year variations over the last two years illustrate a noticeable increase: 24.13% in 2022 and 5.07% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was -0.93%, suggesting a general shrinking trend over the last five years. However, going forward into 2028, a modest average growth rate of 0.51% per year is anticipated, reflecting steadier production levels supplemented by technological advancements and increased demand.
Future trends to watch for include advancements in production efficiency, fluctuation in global demand, and impacts of environmental regulations on synthetic rubber manufacturing. Companies should also closely monitor the technological innovations that could drive changes in production processes and market dynamics.
