The production value of precious and non-ferrous metals manufacturing in Finland stood at 3.13 billion euros in 2023. Over the last two years, the year-on-year growth rate showed a slight increase, with a 2.57% increase in 2022 and a 2.48% increase in 2023. The compound annual growth rate (CAGR) over the past five years has demonstrated slow growth at 1.77%. Historically, the sector has experienced significant fluctuations, such as the 25.98% surge in 2017 and the 16.92% rise in 2018, followed by a downturn in 2019.
Forecasts indicate a steady increase in the production value, growing from 3.21 billion euros in 2024 to 3.50 billion euros by 2028, with an average annual growth rate of 1.77%. In total, this reflects a 9.15% growth over the forecast period.
Future trends to watch include potential impacts of technological advancements in the manufacturing process and shifts in global demand and supply dynamics for precious and non-ferrous metals. These factors could significantly influence production values and growth rates in the coming years.
