The sold production of ferro-alloys in Finland displayed significant fluctuations over the past decade. From 2013 to 2023, the market saw diverse changes in value. Starting at €347 million in 2013, it hit peaks and troughs, with notable increases in 2015 and 2021, and decreases in 2016 and 2022. By 2023, the value stood at €491.04 million, representing a 6.25% year-on-year increase from 2022. The Compound Annual Growth Rate (CAGR) over the last five years was approximately -1.14%, indicating a marginal decline on average annually.
Looking forward, forecast data from 2024 to 2028 suggest modest growth. The value is expected to reach €583.36 million by 2028, with a forecast 5-year CAGR of 2.73%, totaling an overall growth rate of 14.41% over this period. This indicates a revival of steady growth after previous years of fluctuation.
Future trends to watch for include:
- Technological advancements in production efficiency
- Shifts in global demand and supply chains
- Regulatory changes impacting the ferro-alloy industry
- Market adjustments due to environmental and sustainability concerns
