The turnover of electronic components and electronic boards in Finland showed fluctuations over the years 2014 to 2023. The highest turnover was recorded in 2014 at 417.8 million Euros, which then saw a general decline until 2020. A slight recovery is observed from 2021, with the turnover showing a positive percentage change year-over-year, reaching 414.8 million Euros in 2023. Specifically, from 2021 to 2023, the turnover grew annually by 0.46%. The compound annual growth rate (CAGR) over the last five years, up to 2023, was 0.69%.
Looking ahead, the forecast from 2024 to 2028 suggests a steady but modest increase in turnover, with the 5-year forecast CAGR at 0.24%. By 2028, the turnover is expected to be around 421.4 million Euros.
Future trends to watch for include:
- Technological advancements and their impact on electronic components demand.
- Potential shifts in global supply chains and their effects on Finnish markets.
- Changes in EU regulations that may influence manufacturing processes and costs.
- Evolving market dynamics post-2023, influenced by macroeconomic factors.
