The output of motor vehicles in Finland has shown a generally positive trend from 2013 to 2023, with a few fluctuations along the way. Notable increases occurred between 2017 and 2019, with a significant year-on-year rise of 22.73% in 2017. However, the production saw a decline of 9.99% in 2020, largely due to global disruptions. The following years have demonstrated recovery, reaching 2.41 billion euros in 2023, reflecting a 3.87% increase year-on-year for 2023. The compound annual growth rate (CAGR) over the past five years stands at 2.19%.
Future forecasts from 2024 to 2028 suggest continued growth, with an average annual increase of 2.62% and an overall 13.79% growth rate for the five-year period. This indicates steady optimism for the industry's output moving forward.
Future trends to watch for include the adoption of electric vehicles (EVs), advancements in autonomous driving technology, and potential shifts in global trade policies that could impact production and export dynamics. Emphasis on sustainable practices and innovation will likely shape the landscape further.
