The glass and glass products production value in Finland has undergone significant fluctuations over the years. Starting from 2013, the industry faced a general decline, with occasional rebounds in 2015 and 2018. By 2023, production stood at 373.5 million euros, reflecting a substantial decrease over the years. The most recent data indicate consecutive year-on-year declines, with a 6.55% reduction from 2022 to 2023. From 2024 onwards, forecasted data projects a continued downward trend, leading to a production value of 244.8 million euros by 2028. The past 5-year CAGR has been -9.57%, while the future 5-year forecast suggests a -6.77% CAGR, translating to an overall decrease of 29.55%.
Future trends to watch for include:
- Potential technological advancements in glass manufacturing that could disrupt these trends.
- Environmental regulations and their impact on production costs and processes.
- Changes in global trade policies affecting exports and imports of glass products.
- Investments in sustainable, energy-efficient glass production methods.
- Demand shifts driven by innovations in industries such as construction and automotive.
