The import of photosensitive, photovoltaic, and LED semiconductor devices to Finland has demonstrated significant variability over the past decade. In 2013, imports stood at 63.117 million US dollars, with noteworthy fluctuations over the subsequent years. A significant increase occurred in 2014, with a 41.95% year-on-year rise, followed by a sharp decline in 2015 (-29.65%). This trend of variability becomes evident with periodic drops in imports, particularly in 2020, where there was a 17.31% decline. Notably, the value stood at 56.062 million US dollars in 2023.
From 2021 to 2023, imports saw minor decreases with year-on-year variations around -0.36%. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) resulted in a slight reduction (-0.59%). Future forecasts predict a continuing slight decline, with a forecasted 5-year CAGR of -0.3% and a forecasted 5-year growth rate of -1.48% by 2028.
Future trends to watch for include changes in global supply chains, advancements in semiconductor technology, shifts in renewable energy policies, and fluctuations in demand within key industries such as solar power and electronics manufacturing. Keeping an eye on these factors will be critical for anticipating future shifts in import values.
