The sold production of oil paints and varnishes in Finland exhibited several fluctuations over the past decade, with a notable dip from 2013 to 2018. The years 2019 and 2020 saw a brief resurgence, but subsequent declines were observed in 2021 and a slight recovery in 2022 and 2023. By 2023, the market stood at 12.994 million euros. The year-on-year variation in 2023 was minimal at 1.29%, demonstrating a slight upward trend from the previous year. Over the last five years, the market showed an average annual growth rate (CAGR) of 2.31%. Forecasts from 2024 to 2028 indicate a modest growth with a five-year CAGR of 0.95% and an overall growth of 4.84% during this period.
Looking ahead, the market is relatively stable with a trend towards modest growth. Future trends to monitor include potential innovations in product formulations, shifts towards more eco-friendly products, regulatory changes, and the impact of economic fluctuations on the construction and renovation sectors which heavily utilize these products.
