The ready-mixed concrete market in Finland saw considerable fluctuation over the past decade. Values rose sharply in 2016 and stabilized somewhat in 2017 before dropping significantly in 2019 and 2020. Since then, there has been a modest recovery with a steady increase observed from 2021 to 2023, reaching 3.7951 billion kilograms in 2023. This represents a 0.55% year-on-year increase. Over the last five years, the compound annual growth rate (CAGR) was -7.92%, indicating a general decline.
Looking forward, the sold production of ready-mixed concrete is forecasted to continue its gradual increase. The forecast for 2028 suggests a value of 3.8952 billion kilograms, with a forecasted five-year CAGR of 0.41% and a total five-year growth rate of 2.09%.
Future trends to watch for include technological advancements in manufacturing processes, regulatory changes impacting construction, and overall economic health which could influence construction activities. Additionally, sustainability practices and eco-friendly alternatives could significantly affect market dynamics.
