The Finnish casting of iron market has experienced a continuous contraction from 2012 to 2022. Starting at 72.204 million kilograms in 2012, it declined to 42.97 million kilograms by 2022, revealing a significant downward trend. The decline is evidenced by notable year-on-year variations, particularly large reductions observed in 2013 (-16.16%) and 2019 (-14.68%). Although there were slight upticks in 2016 (2.8%) and 2017 (12.5%), they did not reverse the overall downward trajectory. The compound annual growth rate (CAGR) over the last five years stands at -6.04%, emphasizing the persistent decrease in market volume.
Future trends to watch for:
- Recovery potential post-2022 possibly driven by technological advancements.
- Impact of green and sustainable production practices on market dynamics.
- Demand fluctuations influenced by global economic conditions.
How does Finland rank in Casting of Iron Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,473,700,000 | 2023 | -0.39% | -2.27% | View data |
| 2 | 2 Italy | 827,800,000 | 2023 | -0.99% | -1.32% | View data |
| 3 | 3 Spain | 808,370,000 | 2023 | +0.31% | +0.94% | View data |
| 4 | 4 France | 575,060,000 | 2023 | +3.19% | +2.15% | View data |
| 5 | 5 Czech Republic | 167,410,000 | 2023 | +1.06% | -2.99% | View data |
| 6 | 6 Poland | 98,774,000 | 2023 | -3.74% | -3.97% | View data |
| 7 | 7 Sweden | 37,898,000 | 2023 | +1.27% | +1.8% | View data |
| 8 | 8 Finland | 37,340,000 | 2023 | -8.48% | -9.05% | |
| 9 | 9 Croatia | 24,229,000 | 2023 | -0.76% | -0.92% | View data |
| 10 | 10 Romania | 19,615,000 | 2023 | -8.52% | -6.38% | View data |
