The analysis of sold production of motor vehicles electrical and electronic equipment in Finland from 2013 to 2023 shows significant fluctuations. Starting from a low base in 2013, there was a marked increase, especially notable in 2015 with a growth of 223.51%. The following years saw a mix of growth and decline, with a high in 2018 at 53.26%. However, the period also included substantial drops, particularly in 2020 and 2021. By 2023, the value stood at 27.31 million Euros, marking a modest year-on-year growth of 5.17%.
Key trends:
- Sharp fluctuations in early years, especially between 2013-2015.
- Notable growth periods in 2017 and 2018.
- Substantial decline in 2020 and 2021.
- Recovery and stability observed in 2022 and 2023.
Future trends to watch for:
Forecasts from 2024 to 2028 suggest steady growth, with an average annual growth rate (CAGR) of 0.27%. This indicates a stabilizing trend compared to the past volatility. Stakeholders should monitor technological advancements and regulatory changes impacting the automotive and electronics sectors to anticipate future market dynamics.
