The sold production of wood particle board in Finland displayed notable fluctuations between 2016 and 2023, peaking at 37.095 million euros in 2021 and slumping slightly in 2019 and 2020. The year-on-year variation was substantial in 2021 (13.42%), but the sector experienced a decline of -2.26% in 2022 before recovering by 1.75% in 2023. The CAGR over the last five years showed an increase from 2.76% in 2021 to 4.1% in 2023, indicating a gradual upward trend.
Future projections suggest steady growth, with the sold production value expected to reach 39.976 million euros by 2028. The forecasted 5-year CAGR of 1.28% and a total growth rate of 6.54% demonstrate moderate yet consistent growth expectations.
Future trends to watch for:
- Sustainable and eco-friendly production practices.
- Innovations in wood particle board technology.
- Increase in demand from construction and furniture sectors.
- Potential impact of regulatory changes on production and exports.
