The turnover in Finland's Pulp and Paperboard Sector demonstrated notable variability between 2013 and 2023, fluctuating from 18.43 billion euros in 2013 to 16.81 billion euros in 2023. This represents a decline of approximately 8.79% over this period. Year-on-year variations indicate periods of both growth and contraction. The most significant decline occurred in 2020 with a 14.31% drop, followed by a strong rebound of 20.8% in 2021. However, from 2021 onward, the sector's turnover growth remained stable, showing minimal fluctuation, with a mere 0.26% increase in both 2022 and 2023.
Looking at the last five years, the sector showed an average annual contraction of -0.087%. Moving forward, the forecast data suggests steady stabilization, with a projected 5-year CAGR of 0.21% from 2023 to 2028. There is an expectation of minimal yet consistent growth, totaling a forecasted 1.05% growth rate by 2028, reaching approximately 17.03 billion euros at that time.
Future trends to watch for include:
- Potential impacts of environmental regulations and sustainability trends on production costs and demand.- Technological advancements in the production processes improving efficiency.- Shifts in global demand influenced by digitalization reducing paper consumption.
