The sold production of butterfly valves in Finland has shown a declining trend over the past years. From a peak of 26.869 million euros in 2013, the value consistently dropped, reaching 17.582 million euros by 2023. The year-on-year variations indicate fluctuating performance with notable declines in 2017 (-27.58%) and moderate fluctuations in recent years. Over the last two years, slight stabilization has occurred with minor declines of -1.01% and 0.37% respectively. The Compound Annual Growth Rate (CAGR) over the past five years stands at -0.8%, reflecting a general downturn.
Looking ahead, the forecast suggests a continued decline with a five-year CAGR projected at -2.65%, leading to a 12.57% decrease by 2028. Key future trends to watch for include potential market consolidation, advancements in valve technology, and shifts in demand due to regulatory and environmental factors.
