The export of generators and alternators from Finland has exhibited a general downward trend from 2013 to 2023, when the value stood at $1.712 million USD. The highest value recorded was in 2013 with $2.4505 million USD, and significant declines followed, with minor fluctuations and an overall negative trend. Notably, from 2021 to 2023, the year-on-year variation values indicate a slight decrease each year, showing stabilization around the $1.7 million USD mark.
The forecast from 2024 through 2028 predicts a continuation of this steady slight decline, with the five-year compound annual growth rate (CAGR) anticipating an average yearly decrease of 0.43% and an overall decline rate of -2.11%.
Future trends to watch for:
- Potential market shifts due to technological advancements in renewable energy which may impact demand for traditional generators and alternators.
- Changes in global trade policies influencing Finnish export activities.
- Economic conditions and industrial advancements within Finland and key export markets.
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