The sold production of shaped and processed flat glass in Finland displayed a generally declining trend over the past decade. From 2013 to 2023, production volume decreased from 27.54 million kilograms to 13.17 million kilograms, illustrating a significant drop. 2020 and 2021 marked sharp declines in production, with reductions of 26.35% and 20.87% year-on-year, respectively. However, by 2022 and 2023, production saw a recovery with increases of 56.32% and 1.74% year-on-year. Despite this, the compound annual growth rate (CAGR) over the past five years remains negative at -1.57%.
Looking forward, the forecasted data from 2024 to 2028 anticipates a continuing decline, reaching 10.771 million kilograms by 2028. The expected CAGR for this period is -3.21%, indicating a persisting downward trend.
Future trends to watch for include:
- Economic factors affecting the construction and automotive industries, which are key consumers of flat glass.
- Technological advancements in glass production and processing efficiency.
- Sustainability trends prompting a shift towards more recyclable and energy-efficient materials.
- Potential market disruptions from global trade policies and environmental regulations.
