The production of aluminium foil in Finland experienced significant fluctuations over the past decade, standing at 23.804 million kilograms in 2023. While the period from 2013 to 2016 exhibited a steady increase, the years 2017-2018 saw a slight decline. A notable surge occurred in 2019, followed by a sharp dip in 2020. The subsequent years saw modest recovery with another marked increase in 2022 and 2023.
Over the past two years, aluminium foil production has grown significantly, with a 31.16% increase in 2022 and a 9.39% increase in 2023. The compound annual growth rate (CAGR) over the last five years stands at 6.45%, indicating healthy growth despite some volatility.
Looking ahead, the forecasted data suggest a steady upward trend, with production expected to reach 26.424 million kilograms by 2028. The forecasted 5-year CAGR of 1.66% reflects more moderate growth compared to recent years, but the overall growth rate of 8.57% from 2023 to 2028 signifies positive long-term prospects.
Future trends to watch for include technological advancements in production processes, fluctuations in global aluminium prices, changes in regulatory policies, and the impact of environmental sustainability practices which could influence both production volumes and growth rates.
