The rubber and plastic products manufacturing sector in Finland has shown significant fluctuation over the past decade. Between 2013 and 2020, the sector experienced a mix of modest growth and slight declines, with notable dips in 2015 and 2020. However, the sector saw a marked recovery starting in 2021, with substantial year-on-year growth continuing through to 2022. In 2023, the output for the sector stood at €3.94 billion Euros, reflecting steady growth.
In the last two years, there was a sharp increase in output with 16.29% growth in 2021 and a further 13.02% in 2022. The sector's CAGR over the past five years was 4.73%, indicating robust and consistent growth.
Future forecasts suggest continued growth, albeit at a slightly slower pace, with the sector expected to reach €4.23 billion by 2028, reflecting a forecasted 5-year CAGR of 1.13%.
Looking ahead, key trends to watch for include technological advancements in manufacturing processes, increased investment in sustainable and eco-friendly materials, and potential impacts of global trade policies and economic conditions. Monitoring these factors will be essential for understanding and adapting to future industry dynamics.
