The import value of Aircraft, Spacecraft, and Parts Thereof to Finland has shown considerable variability over the years. From 2013 to 2017, the import value increased significantly. However, in 2018, the value dropped drastically by nearly 60%. This decline was followed by a rebound in 2019, although not reaching previous high levels. The period from 2020 to 2023 saw fluctuating but generally declining values, with the import value in 2023 at 469.7 million USD, a slight reduction from 2022.
Over the last two years, the year-on-year variation shows a decrease of approximately 1.67% from 2022 to 2023 and an overall contraction in the compounded annual growth rate (CAGR) from 2018 to 2023 by 6.12%. Looking ahead, the forecast indicates a continued decline in import value with a five-year CAGR from 2024 to 2028 of -1.46%, resulting in an estimated value of 426.59 million USD by 2028.
Future trends to watch for:
- Potential impact of geopolitical and economic changes on import regulations.
- Technological advancements in the aerospace industry that may influence supply chains and import needs.
- Fluctuations in global demand and supply for aircraft and spacecraft parts, influenced by advancements in space exploration and aviation.
- Environmental regulations and sustainability initiatives that could affect the industry.
