The Finnish plastics market has shown fluctuations over the past decade, with notable variance year-on-year. Starting from 567.84 million kilograms in 2012, the market dipped significantly to 490.69 million kilograms in 2013, a decline of 13.59%. It gradually recovered to 518.76 million kilograms in 2014, a 5.72% increase, but faced another decline to 492.63 million kilograms in 2015. The market saw positive growth in 2016 and 2017, with 6.78% and 9.8% year-on-year increases, reaching 577.54 million kilograms in 2017. The peak came in 2018 with a 19.85% surge to 692.18 million kilograms. However, the market contracted in subsequent years, declining to 637.78 million kilograms in 2019 and continuing to fluctuate until 2021, but showed a growth to 644.35 million kilograms in 2022 with a rise of 6.46% from the previous year.
The CAGR over the last five years up to 2022 indicates an average annual growth rate of 2.21%. Analyzing the latest trends, the most recent data for 2023 shows a stable market standing at 644.35 million kilograms, reinforcing a modest but steady growth momentum.
Future trends to watch for include innovations in sustainable and biodegradable plastics, regulatory changes promoting recycling, and potential shifts in demand due to macroeconomic factors. Attention should also be given to advancements in plastic manufacturing technologies and the emergence of circular economy practices in the industry.
How does Finland rank in Plastics Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11,070,000,000 | 2023 | +1.5% | +1.24% | View data |
| 2 | 2 France | 5,987,000,000 | 2023 | +0.094% | -0.98% | View data |
| 3 | 3 Spain | 3,829,200,000 | 2023 | -0.79% | +2.24% | View data |
| 4 | 4 United Kingdom | 2,985,000,000 | 2023 | -1.42% | -1.71% | View data |
| 5 | 5 Romania | 1,202,000,000 | 2023 | +2.76% | +2.36% | View data |
| 7 | 7 Portugal | 1,071,900,000 | 2023 | +1.15% | +2.03% | View data |
| 8 | 8 Bulgaria | 663,750,000 | 2023 | +4.55% | +5.46% | View data |
| 9 | 9 Finland | 647,640,000 | 2023 | +1.57% | -1.32% | |
| 10 | 10 Denmark | 599,390,000 | 2023 | -3.15% | -2.77% | View data |
| 11 | 11 Ireland | 412,370,000 | 2023 | +3.51% | +4.02% | View data |
