The industrial gases production value in Finland has exhibited fluctuations over the past decade. Starting with a slight decline from 2013 to 2014, the sector experienced a series of ups and downs, with notable growth in the years preceding 2020. A significant drop in 2020 followed by a strong recovery indicates resilience in the sector. In 2023, the value stood at 368.9 million Euros. The two most recent years showed moderate growth of 1.63% year-on-year on average. The five-year CAGR from 2018 to 2023 was 1.04%, while the forecasted CAGR from 2024 to 2028 is 1.28%, suggesting steady but slow growth ahead.
Future Trends to Watch For:
- Ongoing economic conditions and their impact on industrial demand.
- Technological advancements in gas production and utilization.
- Environmental regulations influencing production methods and costs.
- Global supply chain dynamics and their effect on local production.
