The production in the manufacture of electronic components and boards sector in Finland has seen fluctuations over the past decade. In 2023, the value stood at 408.5 million euros. Notably, there was a significant decline in 2015 (-18.05%) compared to 2014, but recovery was observed with intermittent growth such as in 2016 (11.97%) and 2017 (6.46%). The last two years showed modest increases of 0.64% in 2022 and 0.59% in 2023. Over the past five years, the compound annual growth rate (CAGR) reflected slight growth at an average rate of 1.09%. Projections for the upcoming years anticipate continued steady growth, with a forecasted 5-year CAGR of 0.39% through 2028, reaching 418.8 million euros.
Future trends to watch for:
- Technological advancements driving efficiency and production capabilities.
- Shifts in global demand and supply chain dynamics impacting the sector.
- Potential influence of geopolitical factors on procurement and sales.
- Regulatory changes and sustainability practices shaping industry operations.
