Forecast: Synthetic Rubber Production Value in Finland

The synthetic rubber production value in Finland stood at 196.5 million euros in 2023. From 2013 to 2023, the sector showed considerable volatility, beginning at 212 million euros in 2013 and peaking at 258.3 million euros in 2017. Recent years have revealed a declining trend, with a considerable drop of 0.71% from 2022 to 2023. Notably, the five-year compound annual growth rate (CAGR) up to 2023 was -4.34%, indicating an average annual decrease. The forecast anticipates a continuous decline, with the production value expected to decrease by an additional 12.09% by 2028 and a five-year forecasted CAGR of -2.54%.

Future trends to watch for include:

  • Advancements in synthetic rubber technology
  • Shifts in global demand and supply
  • Variations in raw material prices
  • Regulatory changes impacting production

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