The freight transport by road sector in Finland displayed steady growth between 2013 and 2017, with the production value increasing from 6.09 billion Euros to 6.47 billion Euros. This growth was characterized by moderate year-on-year variations, averaging around 1.5% to 2.94% CAGR. However, in 2020, there was a notable decline of 5.89%, influenced likely by pandemic-related disruptions. Recovery was seen in subsequent years, although with modest growth rates, achieving a production value of 6.44 billion Euros in 2023. The compound annual growth rate (CAGR) over the last five years stood at -0.19%, indicating faltering growth.
Forecasts suggest a gradual increase from 2024 onwards, with the value anticipated to rise to 6.78 billion Euros by 2028. The sector's expected 5-year CAGR is projected at 0.82%, indicating a more cautious yet positive outlook. Future trends to watch include the impact of technological advancements in logistics, shifts in global trade patterns, and regulatory changes affecting the road transport sector. Environmental considerations and the push towards sustainable logistics practices will also be critical in shaping the sector's future growth.
