The pulp, paper, and paperboard production value in Finland has shown considerable fluctuations over the past decade. It reached a peak of 14.13 billion euros in 2017, but saw a significant decline to 9.65 billion euros in 2020. The value rebounded in subsequent years, standing at 13.15 billion euros in 2023 with a year-on-year increase of 4.2%. The compound annual growth rate (CAGR) over the last five years is a modest 1.15%.
From 2024 onwards, the forecast indicates a steady, albeit slow, growth, with an anticipated value of 13.2 billion euros in 2024, gradually increasing to 13.41 billion euros by 2028. The forecasted 5-year CAGR is 0.3%, suggesting stable growth but at a slower pace.
Future trends to watch for include:
- Adoption of sustainable practices and innovations in the paper industry.
- Increasing demand for eco-friendly packaging solutions.
- Potential impacts of global economic conditions and technological advancements on production value.