The import of Optical, Photo, Technical, and Medical Apparatus to Finland has exhibited consistent growth from 2013 to 2023, reaching $2.3233 billion in 2023. The actual figures reveal some fluctuations, with notable dips in 2015 and 2019, but a general upward trend is evident. From 2013 to 2023, the market has experienced an average annual variation of around 2.25%, showcasing resilience and gradual recovery following downturns. The last two years (2022-2023) have shown a stable year-on-year growth of approximately 2.07% to 2.16%.
Forecasted data from 2024 onwards predict continued modest growth, with the compound annual growth rate (CAGR) expectancy for the five years leading to 2028 at 1.44%, resulting in a total forecast growth of 7.4% by 2028. This indicates a sustained increase but at a more moderated pace compared to previous years.
Future trends to watch for include advancements in medical technology and increased demand for technical apparatus, primarily driven by emerging healthcare needs and technological innovations. Monitoring geopolitical factors and economic policies that could influence import dynamics will also be crucial for anticipating market shifts.