The Stone, Sand, and Clay Quarrying Sector in Finland has seen significant fluctuations in production values from 2013 to 2023. The sector experienced a notable decline from 2013 to 2015 with a negative year-on-year variation and a downward trend in the CAGR. Between 2016 and 2020, the sector showed signs of recovery with several years of positive growth. However, from 2021 onwards, the pace of growth slowed down, leading to a marginal decrease in production values observed in 2023, which stood at 384.1 million Euros.
The year-on-year variations in 2022 and 2023 were -0.46% and -0.39%, respectively, indicating a stabilizing yet slightly declining trend. The last five years' CAGR from 2018 to 2023 was a minor positive 0.29%, reflecting a relatively flat trend in overall production levels.
Looking forward, forecast data from 2024 to 2028 indicates a slight decline in production with the forecasted 5-year CAGR projected at -0.15% and an overall reduction of -0.73% by 2028. This suggests a minor downward trend in the sector's production values.
Future trends to watch for include potential impacts of environmental regulations, technological advancements in quarrying processes, and changes in demand for construction materials. These factors could significantly influence production dynamics and the overall trajectory of the sector.
