The production value of Rubber Tyres and Tubes in Finland peaked in 2015 at 507.2 million Euros before experiencing a general decline. From 2016 to 2023, the value saw fluctuations with a notable drop in 2020 influenced by external factors. In 2023, the production value stood at 411.4 million Euros, marking a year-on-year decrease of 2.65%. The latest Compound Annual Growth Rate (CAGR) for the past five years is -3.5%, reflecting a downward trend.
Future projections suggest a continued decline with a forecasted 5-year CAGR of -2.43%, indicating an 11.55% decrease by 2028. Monitoring global economic conditions, technological advancements, and sustainability trends will be crucial for anticipating further market movements and potential recovery strategies.
