The turnover for Precious Metals and Non-Ferrous Metals Manufacturing in Finland has shown fluctuations from 2014 to 2023. In 2023, the value stood at 3.06 billion Euros, reflecting a steady growth trend since 2020. The market experienced significant growth in 2017 and 2018 but saw a notable decline in 2019. Over the last two years, turnover has grown modestly by 2.36% in 2022 and 2.29% in 2023. The 5-year CAGR from 2019 to 2023 was approximately 2.59%, indicating consistent albeit moderate growth.
Forecasts for 2024 and beyond show a continued upward trend, with a predicted CAGR of 1.63% over the next five years, leading to a projected value of 3.39 billion Euros by 2028. This suggests a stable and positive growth outlook for the industry.
Future trends to watch for include:
- Potential shifts in global demand for precious and non-ferrous metals.
- Technological advancements in manufacturing processes.
- Changes in regulatory and environmental policies.
- Economic conditions that may impact the cost and supply of raw materials.
