The turnover of construction of bridges and tunnels in Finland saw significant fluctuations from 2013 to 2023. Beginning at 109.9 million euros in 2013, the turnover experienced notable declines in the subsequent years until 2015. However, there was a recovery in the following years, peaking again at 109.7 million euros in 2019. The trend stabilized somewhat post-2018, with minor year-on-year variations, standing at 95 million euros in 2023.
Key trends and variations:
- Year-on-year percentage changes saw a significant dip in 2014, with a -24.66% variation.
- A strong recovery was noted in 2019, with a 21.48% year-on-year growth.
- The period from 2021 to 2023 displayed minimal fluctuations, maintaining a steady value just below 100 million euros.
- The CAGR over the last five years showed a stable trend, with the 2023 CAGR at 1.02%.
Looking forward, the forecasted data from 2024 to 2028 suggests marginal growth with an average annual increase of 0.25%, amounting to a 1.26% growth rate over five years. The turnover is projected to reach 96.4 million euros by 2028, indicating a period of stability with modest increases.
Future Trends to Watch:
- Emerging construction technologies and their impact on cost and efficiency.
- Government infrastructure spending and policy changes.
- Environmental regulations and sustainability practices affecting construction trends.
