Value of Chemicals Manufacturing Output in Finland stood at €21.26 Billion in 2023, showing a significant year-on-year variation of 28.83% from 2022. The sector has demonstrated robust growth over the past decade, with key year-on-year increase rates peaking at 41.48% in 2022. The five-year CAGR leading up to 2023 is an impressive 19.74%, reflecting substantial growth momentum in this sector.

Trends to watch for:

Sustained expansion is projected with a forecasted CAGR of 11.32% over the next five years, indicating continued robust performance.
By 2028, the chemicals manufacturing output is expected to reach €44.41 Billion, which marks an overall growth of 70.93% from 2023 levels.
Innovations in green chemistry and sustainable practices are likely to drive future growth and competitiveness in the market.
Global demand shifts and raw material prices could impact profitability and output levels adversely or positively.