In 2023, the sold production of rubber products in Finland stood at 7.536 million kilograms. The forecasted data from 2024 to 2028 indicates a consistent decline in the production volume. The year-on-year variations show a decreasing trend with respective annual drops projected as follows: 7.98% from 2024 to 2025, 9.11% from 2025 to 2026, 9.93% from 2026 to 2027, and 10.94% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted to be -9.48%.
It is crucial to monitor future trends such as advancements in synthetic rubber technology, fluctuations in raw material prices, and shifts in environmental regulations which may impact production efficiencies and supply chain dynamics. Additionally, exploring new markets and diversifying product applications can be vital for mitigating the downward trend observed in the forecasted data.
