The Floating Structures Building and Shipbuilding turnover in Finland has shown significant variations from 2013 to 2023. In 2023, the turnover stood at 2010.0 million euros. From 2013 onwards, the sector experienced periods of both growth and decline, with notable peaks in 2016 and 2017. The highest year-on-year growth was in 2016 at 37%, while 2018 saw a slight dip of -0.39%. Recent years, particularly 2021 to 2023, have seen a steadier growth rate, with year-on-year changes of 3.44%, 3.21%, and 3.04% respectively. The CAGR over the last five years leading up to 2023 averaged at 6.94%, indicating consistent long-term growth.
Forecasted data from 2024 to 2028 suggest a more moderated but steady growth with a CAGR of 2.06%, resulting in an overall 5-year growth rate of 10.76%. This anticipated trend points to sustained but slower development in the sector.
Future trends to watch for include technological advancements in floating structures, increasing demand for sustainable and green shipping solutions, and potential market expansions into new geographical areas or the exploration of novel uses for floating structures in both commercial and residential applications.
