The chemicals manufacturing sector in Finland exhibited a solid historical performance, marked by fluctuations in Gross Value Added (GVA). After a period of moderate growth from 2013 to 2017, the sector experienced significant acceleration from 2018 to 2019, culminating in a peak in GVA in 2019. The subsequent two years saw slight contractions due to market variances but were followed by a notable surge in 2022, reaching a high of €3.72 billion in 2022. Despite a slight dip in 2023 to €3.61 billion, the forecast indicates robust growth trends, projecting the GVA to rise consistently, reaching €4.89 billion by 2028. The last 5-year CAGR leading to 2023 stood at 8.03%.
Future trends to watch for in the Finnish chemicals manufacturing sector include:
- Increased focus on sustainable and eco-friendly chemical production processes.
- Investments in advanced manufacturing technologies and digital transformation.
- Evolving regulatory landscapes impacting production and operational efficiencies.
- Global market dynamics, including changes in trade policies and international competition.
- Potential disruptions or advancements in raw material supply chains.
