The Finnish glass and glass products sector has experienced significant fluctuations from 2013 to 2023. Production reached a peak in 2015 with a notable year-on-year increase of 21.49%. However, consequent years saw a decline, with the steepest drop of 32.75% in 2017. The sector showed sporadic recovery, particularly in 2018 with a 61.24% increase year-on-year, but overall, the trend remained downward. As of 2023, the value stood at €373.5 million, with a year-on-year decrease of 6.55% and a five-year CAGR averaging at -9.57%. Future forecasts predict continued decline, with a projected five-year CAGR of -6.77% and an overall drop of 29.55% by 2028.
Future trends to watch for include:
- Impact of technological advancements and automation in the production process.
- Shifts in demand driven by emerging applications and environmental regulations.
- Potential for market consolidation and changes in competitive dynamics.
