Between 2013 and 2023, the production of fabricated metal products in Finland showed fluctuating trends. The period from 2013 to 2016 experienced slight increases in production values, leading to a significant rise in 2017 through 2019. In 2020, there was a notable decrease due to external factors likely impacting the industry negatively. However, the production rebounded in 2021 with a sharp increase, continuing to grow modestly through 2023. In 2023, the production value stood at 8.41 Billion Euros.
Over the last two years, year-on-year variations have settled around 1.53% and 1.57%, indicating a stable but slow growth. The compound annual growth rate (CAGR) over the last five years has averaged at 1.28%, suggesting a cautiously optimistic outlook.
Future trends to watch for include:
- A steady growth pattern with an expected 5-year CAGR of 1.19% from 2024 to 2028
- Overall 5-year forecasted growth rate of 6.09% indicating sustained industry health
- Potential impacts of technological advancements and policy changes on production efficiencies and demand
