The production of sand and gravel in Finland has shown significant volatility over the past decade. Following a sharp decline from 2013 to 2014, the industry saw remarkable growth in 2015 and an even more substantial surge in 2016. Although there was a decrease in production in subsequent years, particularly in 2018 and 2019, recovery began in 2020. By 2023, production reached 58.633 million kilograms, a 3.57% year-on-year increase from 2022.
Key variations over the past two years indicate:
- Year-on-year growth of 3.57% in 2023.
- A minor decline of 1.43% in 2022.
The last 5-year CAGR stands at 12.84%, highlighting a robust average annual growth. Forecasts from 2024 to 2028 also predict a steady increase, culminating in an estimated production of 68.439 million kilograms by 2028, with a forecasted 5-year CAGR of 2.45%.
Future trends to watch for include potential impacts of environmental regulations and technological advancements in extraction processes, which could significantly alter production dynamics. Additionally, shifts in demand driven by construction and infrastructure projects will be crucial in shaping market forecasts.
