From 2013 to 2023, the sold production of polypropylene in primary forms in Finland exhibited moderate fluctuations, experiencing notable growth in certain years. In 2023, the production stood at 265.14 million Euros. Significant growth years included 2015 and 2021, while 2016 experienced a decline. Overall, the compound annual growth rate (CAGR) over these years showed variances, with the last five years reflecting a CAGR of 5.86%. Year-on-year variations also highlight the volatility in production, with 2021 seeing a remarkable 55.91% increase followed by a slight decline in 2022, and a moderate 4.58% increase in 2023.
Future trends to watch for:
- According to forecasted data, the production value is expected to increase steadily, reaching 321.42 million Euros by 2028.
- The average annual growth rate over the next five years is anticipated to be around 3.05%, indicating a stable growth phase.
- Market conditions, raw material availability, and technological advancements will play crucial roles in influencing future production trends.
