The production of water collection, treatment, and supply in Finland has experienced a fluctuating growth trend over the past decade. The industry saw steady increases from 2013 through 2019, with notable year-on-year increases. However, 2020 marked a significant downturn with a 15.01% decline, likely due to unforeseen disruptions. The sector rebounded strongly in 2021 with a 23.31% increase and continued its upward trajectory through 2022 and 2023, reaching €866.0 million in 2023, emphasizing a recovering yet stabilizing market. The Compound Annual Growth Rate (CAGR) over the last five years is 2.27%.
Looking forward, the forecast indicates continued growth up to 2028, albeit at a slower pace, with a 1.64% forecasted CAGR and a cumulative growth rate of 8.49%. Given these projections, stakeholders should monitor:
- Investment in water infrastructure and technology advancements.
- Government and regulatory impacts on water sourcing and sustainability.
- Climate change effects on water availability and treatment needs.