The propylene glycol market in Finland for 2023 stood at 12.205 million kilograms. Analysing the year-on-year variations, there was a 0.21% increase in 2022 and the same 0.21% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicates a minor decline at -0.15%, signifying a relatively stagnant market trend. Over the longer period since 2013, the market showed fluctuations with initial declines, followed by a rise in mid-decade, and another dip in 2020 due to external factors, before stabilizing.
- Variations in the last two years revealed marginal increases, suggesting stable demand post-2020 disruption.
- The average variation per year over the last five years has been relatively constant, reflecting market steadiness.
- Forecasts for upcoming years indicate a gradual but modest increase, with a forecasted 5-year CAGR of 0.17% and a forecasted 5-year growth rate of 0.86% by 2028.
Future trends to watch for include the impact of regulatory changes, advancements in end-use applications, and the influence of global market dynamics on local demand. Additionally, sustainability and environmental regulations could play a crucial role in shaping market trends moving forward.
