The turnover in the glass and glass products sector in Finland stood at 246.2 million euros in 2023. Analyzing the period from 2014 to 2023 reveals notable year-on-year variations, fluctuating prominently from a peak growth of 8.17% in 2016 to a decline of -0.32% in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) shows a slight negative trend at -0.27%, indicating a stabilization yet slight downward shift in the market.
Looking towards the future, forecast data from 2024 to 2028 illustrates a continuous yet modest decline with a forecasted 5-year CAGR of -0.13%, implying a steady decrease in turnover, reaching 243.9 million euros by 2028. Key trends to watch for include technological advancements in production processes, increasing energy efficiency requirements, and economic fluctuations which could impact market stability.
