From 2013 to 2023, Finland's import of Ethylene Glycol (Ethanediol) has shown a general declining trend, dropping from 6.0902 million USD to 2.631 million USD. The time span shows significant annual fluctuations, including a high point in 2013 and the low point observed in 2023. The most recent two years show a continuation of the decreasing pattern, with a -7.79% drop in 2022 and an -8.28% decrease in 2023. The Compound Annual Growth Rate (CAGR) over the past 5 years averages -9.58%.
Looking forward from 2024 to 2028, the import values are forecasted to continue their decline, reaching as low as 1.3901 million USD in 2028. The forecasted 5-year CAGR is -10.12%, translating to an overall decrease of -41.35% in the period.
Watch for future trends:
- Increased focus on sustainability and environmental regulations in Finland and the EU impacting import volumes.
- Potential advancements in alternative materials impacting the demand for Ethylene Glycol.
- Economic fluctuations within Finland that can affect industrial demand for imports.
