The Pulp and Paper and Paperboard sector in Finland has experienced fluctuating production values over the past decade. Notably, from 2013 to 2017, there was a general upward trend, peaking in 2017 with a significant year-on-year increase of 7.3%. However, since 2018, the sector has seen a decline, reaching a low point in 2020. A slight recovery took place in 2021 with a 19.5% increase, but subsequent years noted minimal oscillations and an overall downward trajectory. In 2023, the sector stood at 11.73 billion Euros, just shy of 2019 levels, marking a marginal decline of 0.79% from the previous year.
Assessing the future, forecasts indicate a continued, albeit modest, decline with a forecasted 5-year CAGR of -0.68%. By 2028, the sector is expected to be at 11.24 billion Euros, representing a cumulative reduction of around 3.33% from 2023.
Future trends to watch for include:
- Transition to sustainable and digital technologies.
- Shifts in global demand and supply chain disruptions due to geopolitical factors.
- Potential policy changes aimed at promoting environmental sustainability and their impact on production costs.
