The mining and quarrying output in Finland has demonstrated an upward trend from 2013 to 2023, growing from 1.89 billion Euros to 3.26 billion Euros. Despite fluctuations, such as a notable decline in 2014 and a slight decrease in 2019, the sector has seen significant growth in recent years, particularly in 2022 with an increase of 18.59%. The compound annual growth rate (CAGR) over the last five years (2019-2023) stands at 4.86%, indicating steady expansion.
Looking forward, forecasted data suggests moderate growth in the coming years, with a projected CAGR of 2.19% from 2024 to 2028. By 2028, the output is expected to reach 3.74 billion Euros, representing an 11.42% increase over the five-year period.
Future trends to watch for include:
- Advancements in mining technology and automation
- Shifts in global demand for raw materials
- Environmental regulations and sustainability initiatives
- Economic fluctuations affecting commodity prices