The production of cast iron in Finland saw significant changes over the past decade. From 2013 to 2020, there was no production recorded. In 2021, production surged to 135 million kilograms. By 2022, production declined sharply by 63.01% to approximately 49.9 million kilograms. However, in 2023, there was a year-on-year increase of 21.96%, bringing production levels to about 60.9 million kilograms. The forecasted data from 2024 to 2028 suggest a steady growth, with the production expected to increase from 71.8 million kilograms in 2024 to 114.1 million kilograms by 2028, representing a 9.72% compound annual growth rate (CAGR) and a 59.01% forecasted growth rate over five years.
Future trends to watch for:
• Advances in production technology and efficiency
• Fluctuating global demand for cast iron
• Economic and environmental regulatory impacts
• Innovations in alternative materials and their market acceptance
