The packaging paper production value in Finland has shown a generally declining trend from 2013 to 2023, with a slight uptick in 2019 and 2020. As of 2023, the production value stands at 308.6 million Euros, indicating a year-on-year decrease of 1.31% from the previous year.
Over the last two years, the year-on-year variation demonstrates minor fluctuations: -1.33% in 2022 and -1.31% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) has been negative at -0.46%, highlighting a consistent decrease in production value.
Forecast data from 2024 to 2028 projects a continued decline in production with an average annual decrease (CAGR) of -1.09% over this period, culminating in a total decrease of 5.32% by 2028.
Future trends to watch for include:
- Technological advancements in production processes that could affect efficiency and costs.
- Shifts in global and local demand for packaging paper due to changing consumer behaviors.
- Environmental regulations and sustainability initiatives impacting production methods and material choice.
- Economic factors, including raw material prices and trade policies, influencing production costs.