Forecast: Mining and Quarrying Output in Finland

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

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