The turnover of rubber tyres and tubes in Finland stood at €814.4 million in 2023. Over the last two years, the market experienced a slight decline with a year-on-year variation of -0.2% in 2023 and a decline of -0.66% over the last five years (CAGR). Notably, the lowest point during this period was in 2020 due to a significant drop of -16.86%, attributed to the COVID-19 pandemic, but the market rebounded by 14.23% in 2021. Looking ahead, the forecast suggests a slight decline with a CAGR of -0.14% from 2024 to 2028.
Future trends to watch for in the rubber tyres and tubes market in Finland include:
- Technological advancements in tyre manufacturing, including sustainable and eco-friendly materials.
- The impact of electric vehicles on tyre specifications and demand.
- Changes in trade policies and their effects on import-export dynamics.
- Inflationary pressures affecting raw material costs and pricing strategies.
- Consumer preferences shifting towards higher quality, longer-lasting tyres.