The production value of aluminium in Finland has shown notable fluctuation over the years. In 2013, the value stood at 121.2 million euros, moving on an upward trajectory with occasional dips, such as a significant drop in 2020. By 2023, the production value reached 201.5 million euros, reflecting an overall positive trend with some volatile periods.
Key trends and variations:
- The aluminium production value dipped in 2019 by 1.4% following a steady growth period, and 2020 saw a significant drop of 11.4%.
- A recovery phase began in 2021 with a 12.28% increase, followed by continued growth of 8.19% in 2022 and 6.67% in 2023.
- The Compound Annual Growth Rate (CAGR) for the 5-year period leading to 2023 averaged at 2.51%.
- Looking forward, from 2024 to 2028, the aluminum production value is expected to grow with a 5-year forecasted CAGR of 2.89%, leading to a total growth of 15.31% by 2028.
Future trends to watch for:
- Technological advancements in aluminium production could drive efficiency and cost reductions, further bolstering value.
- Global market demand and pricing fluctuations for aluminium may introduce variability in forecasted values.
- Sustainability practices and environmental policies in Finland and the EU could impact production volumes and value.
