The import values for ships, boats, and other floating structures to Finland have shown significant fluctuations over the past decade. After a peak in 2013, imports significantly dropped in 2014 and continued to remain volatile with occasional spikes in subsequent years. The value in 2023 stood at 86.703 million USD, indicating a year-on-year decrease of 8.66% from 2022. Recent years have witnessed a general declining trend, with a Compound Annual Growth Rate (CAGR) of -10.11% over the last 5 years.
Forecasted data suggests a continuing downward trend through 2028, with a forecast 5-year CAGR of -10.89% and an anticipated total decrease of 43.82%. The import value is predicted to drop steadily each year, reflecting a diminishing market for these imports in Finland.
Future Trends to Watch For:
- Continual decline due to potential shifts in domestic production capabilities.
- Impact of global economic conditions and trade policies on import levels.
- Technological innovations and environmental regulations affecting the demand for and composition of imports.
