The production of aluminium bars, rods, and profiles in Finland from 2013 to 2023 saw varying trends. Noteworthy is the significant spike in production in 2021, with a 51.69% year-on-year increase, followed by a decrease in 2022. However, production increased again by 5.62% in 2023, reaching 44.478 million kilograms. Over the last five years, the Compound Annual Growth Rate (CAGR) from 2019 to 2023 stands at a remarkable 5.51%.
Looking forward, the forecast data suggests continued growth in production. The forecast for the next five years (2024 to 2028) indicates an average annual growth rate (CAGR) of 3.63%, leading to a projected production volume of 55.955 million kilograms in 2028, reflecting a 19.51% increase over the 2023 figure.
Future trends to watch for:
- Continued growth driven by technological advancements and increased demand for aluminium products.
- Potential impact of environmental regulations on production processes.
- Fluctuations in global aluminium prices affecting the Finnish market.
- Investments in sustainable and efficient production methods.
