From 2013 to 2023, the turnover in Finland’s Glass and Glass Products sector demonstrated significant volatility. The turnover reached a high of 756.6 million euros in 2015, followed by a notable decline to 383.4 million euros in 2023. Over the last two years, the sector experienced a contraction with year-on-year declines of 6.55% in 2022 and 6.94% in 2023. Evaluating the period from 2023-2028, the forecast indicates an average annual decrease of 7.19%, with the projected turnover in 2028 further declining to 244.4 million euros, representing a 31.15% decrease over five years.
Future trends to watch for include:
- Technological innovation in glass manufacturing.
- Increasing demand for sustainable and recyclable materials.
- Potential market consolidation and strategic partnerships to drive efficiencies.
- Changing global trade dynamics impacting imports and exports.
- Fluctuations in construction and automotive industries affecting demand for glass products.