The sold production of ferro-alloys in Finland showed a fluctuating yet overall increasing trend from 2013 to 2023, standing at 581.04 million kilograms in 2023. From 2013 to 2017, there was a steady growth with slight year-on-year variations. The period from 2018 to 2020 saw a minor decline, followed by resumed growth from 2021 onwards. Examining the last two years, the year-on-year variation increased by 5.28% in 2023. Over the last five years, a compound annual growth rate (CAGR) of 2.41% was observed.
Looking ahead, the forecasted data suggests a continued increment in production volumes, anticipating reaching 722.46 million kilograms by 2028 with a projected 5-year CAGR of 3.45%. Key future trends to watch for include technological advancements in alloy production, shifts in global demand, and sustainability initiatives affecting production practices.
