Electrical Insulating Fittings of Plastics Market Size Value in Finland

The Electrical Insulating Fittings of Plastics market in Finland has experienced fluctuations over the past decade. Between 2012 and 2019, the market showed periods of growth and decline, with significant reductions in 2014, 2015, and 2019. From 2020 to 2022, the market saw a decline due to economic impacts, but rebounded in 2021 and continued growing into 2022. The average annual growth rate (CAGR) over the last five years was approximately -0.57%, indicating a slight downward trend on average.

Key trends over the past decade:

  • 2013: Significant growth of 10.44% following a drop in 2012.
  • 2014-2015: Minor declines amidst a generally stable period.
  • 2016-2017: Positive growth returning to the market with a CAGR of 3.99%.
  • 2018-2019: Market stabilization followed by a notable decline in 2019.
  • 2020: Sharp decline of 14.93% due to global challenges.
  • 2021-2022: Recovery with a return to growth in 2021 (15.02%) and continued growth in 2022 (5.77%).

Future trends to watch for:

  • Technological advancements in electrical insulation materials.
  • Increased demand for energy-efficient and sustainable solutions.
  • Potential volatility driven by global economic conditions and supply chain disruptions.
  • Regulatory impacts and environmental considerations influencing market dynamics.