The turnover in the Manufacture of Electronic Components and Boards sector in Finland stood at €414.7 million in 2023, illustrating a modest year-on-year growth of 0.44%. Over the past decade, the sector has experienced fluctuations: declines in 2015, 2017, 2018, 2019, and 2020, followed by recovery phases. Notably, from 2021 onwards, turnover figures have shown slight but consistent increases.
Key variations include:
- 2015: -2.94%
- 2016: +2.76%
- 2017: -1.56%
- 2018: -2.29%
- 2019: -1.37%
- 2020: -1.97%
- 2021: +6.01%
- 2022: +0.51%
- 2023: +0.44%
From a longer-term perspective, the sector showcased an average annual growth rate (CAGR) of 0.68% over the last five years. Looking ahead, the forecast suggests a stable but slow growth trajectory, with a five-year CAGR of 0.23% leading up to 2028, projecting overall growth of 1.18% by then.
Future trends to monitor include advancements in electronic component technology, shifts in global supply chains, and potential increases in demand driven by innovations in consumer electronics and industrial applications.
