The production value of building completion and finishing in Finland has shown a general upward trend from 2013 to 2023, albeit with some fluctuations. Starting from €1.29 billion in 2013, it reached €1.55 billion in 2023. Notably, the year-on-year variations exhibit some degree of volatility, such as a significant growth of 6.13% in 2016 and a decline of 2.84% in 2020, likely influenced by global economic factors including the COVID-19 pandemic. The compound annual growth rate (CAGR) from 2019 to 2023 indicates a slower average growth at 0.36% per year, reflecting stabilizing trends in the recent period.
Looking ahead, the forecast data suggests a steady but modest growth, reaching €1.60 billion by 2028. The projected CAGR over the next five years from 2024 is 0.53%, suggesting moderate growth and a 2.7% cumulative increase over this period. These forecasts indicate a period of more stable, albeit slow, expansion in the industry.
Future trends to watch for include:
- Adoption of green building technologies and practices.
- Impact of government policies and incentives on construction activities.
- Technological advancements and their role in enhancing efficiency and reducing costs.
- Potential market disruptions or growth opportunities from international trade dynamics.
