The sold production of cast iron in Finland has experienced significant fluctuations over the past decade. After a peak in 2013, there was a substantial decline over the next few years, reaching a low point in 2016. The market saw some recovery in 2017 and 2018 but again faced a decline in 2019. The year 2020 marked a sharp decrease, followed by a rebound in 2021 and moderate increases in 2022 and 2023. In 2023, the value stood at 100.48 million Euros. The last five years showed an average annual decrease (CAGR) of -2.59%.
Looking ahead, the forecast for the next five years indicates a downward trend, with a projected CAGR of -1.38% leading to a 6.7% overall reduction in value by 2028.
Future trends to watch for:
- Potential impact of technological advancements on production efficiency.
- Market dynamics due to changes in global trade policies and regulations.
- Shift towards sustainable and eco-friendly production methods.
- Fluctuations in raw material prices affecting production costs.
