The import of paints, varnishes, printing ink, and mastics to Finland has shown moderate fluctuations over the past decade. In 2013, imports stood at 73.715 million kilograms and saw a general upward trend with notable increases in 2014 and 2015. However, there were years of slight decline such as in 2016 and 2018. A significant spike occurred in 2020 with an 11.61% increase, likely influenced by external factors. Although 2021 experienced a steep decline by 10.26%, the market rebounded in 2022 and 2023 with modest growth rates.
In 2023, the import volume was recorded at 85.708 million kilograms. Over the last two years, the year-on-year variation showed a 3.55% increase in 2022 and a 1.05% increase in 2023. The compound annual growth rate (CAGR) over the last five years averaged at 0.77%.
Looking forward, the forecast predicts steady growth with the import volume expected to reach 89.996 million kilograms by 2028. This represents a 5-year forecasted CAGR of 0.78% and a total growth rate of 3.94% from 2023 to 2028.
Future trends to watch for include potential market impacts from technological advancements in production techniques, environmental regulations affecting chemical imports, and economic factors influencing trade policies and consumer demand.
