From 2013 to 2023, there was a general decline in the cutting, shaping, and finishing of stone production value in Finland, with a significant drop from 165.4 million Euros in 2013 to 138.4 million Euros in 2023. After hitting a low in 2016, there was a brief recovery period in 2017 and 2020. However, the overall trend remains negative, as illustrated by the year-on-year variances and the compound annual growth rates (CAGRs).
Over the last two years, the production value has continued to decline, with a slight decrease of 0.78% in 2022 followed by a 0.65% reduction in 2023. The average annual rate of change over the past five years is -0.60%, indicating a generally diminishing trend.
Looking ahead, the forecast predicts a continued decline in production value, with a -0.31% CAGR over the next five years and an overall reduction of 1.53% until 2028. This suggests that the industry may face continued challenges.
Future trends to watch for include the impact of technological advancements in stone processing, shifts in construction demand, and the influence of environmental regulations on stone production practices in Finland. Monitoring these factors could provide insights into potential shifts in the industry’s trajectory.
