Analysis of the sold production of polyesters in primary forms in Finland indicates a fluctuating trend from 2013 to 2023, with the value standing at €34.403 million in 2023. Notably, the values showed a significant peak in 2017 and 2022, followed by a consistent uptrend from 2020 onwards, leading to a 7.8% year-on-year increase in 2023. Between 2021 and 2022, the value saw a substantial jump of 22.13%, while over the last 5 years, the CAGR stands at an average of 2.9%.
Forecasted data from 2024 to 2028 suggests a steady increase, with values projected to reach €43.258 million by 2028. The forecasted 5-year CAGR of 3.62% underscores moderate but consistent growth, reflecting a cumulative 19.47% rise over this period.
Future trends to watch for:
- Technological advancements in polyester production driving efficiency.
- Global demand fluctuations impacting raw material prices.
- Sustainability and recycling practices influencing production volumes.
- Potential economic shifts affecting industrial output and exports.
