The production of industrial gases in Finland has exhibited a notable decline over the past decade, falling from 3.738 billion cubic meters in 2013 to 1.5146 billion cubic meters in 2023. The year-on-year variation over recent years shows significant fluctuations, with 2022 experiencing a reduction of 12.72% and 2023 continuing the downward trend with a 9.7% decrease. Over the past five years, the compound annual growth rate (CAGR) has been -9.09%, indicating a consistent decline.
Forecasts indicate further reductions, with the production expected to fall to 0.7254 billion cubic meters by 2028, reflecting a forecasted 5-year CAGR of -11.73%. The projected cumulative decline from 2023 to 2028 is 46.41%, highlighting a challenging outlook for the industrial gas sector in Finland.
Future trends to watch for include advancements in technology that could enhance production efficiency, regulatory changes impacting the industry, and potential shifts in domestic and international demand for industrial gases. Monitoring these factors will be crucial for stakeholders looking to navigate the forecasted market conditions.
