Forecast: Mining and Quarrying Production Value in Finland

The mining and quarrying production value in Finland has experienced notable fluctuations from 2013 to 2023, starting at 1.72 billion euros in 2013 and reaching 2.53 billion euros by 2023. During this period, significant jumps in growth were observed in 2017 (24.16%) and 2016 (10.85%). However, the sector also faced declines, such as in 2014 (-12.53%) and 2019 (-4.88%). The average annual growth rate (CAGR) over the last five years up to 2023 was 2.2%. Looking ahead, the forecasted data up to 2028 suggest a stable growth trajectory with a 5-year CAGR of 2.51%, implying a total growth rate of 13.2% by 2028.

Future trends to watch for include:

- Technological advancements in mining techniques may drive higher efficiency and output.
- Environmental regulations impacting production costs and operational strategies.
- Global market demand for raw materials influencing production values.
- Investment in sustainable and eco-friendly mining practices.