The flat glass shaping and processing industry in Finland has experienced fluctuating turnover from 2013 to 2023. In 2023, the turnover stood at 230.0 Million Euros. The initial years saw a trend of decline, with a notable drop between 2013 and 2016. However, there were sporadic increases in certain years, specifically in 2017 and 2019. The last two years showed a relatively small decline, with a year-on-year change of -0.35% from 2022 to 2023. The five-year CAGR up to 2023 was -0.9%, indicating an overall slight downward trend over this period.
Looking forward, the forecast from 2024 to 2028 suggests a continued slight decline, with a CAGR of -0.13% and an overall growth rate of -0.65%. This indicates that the industry may face marginal decreases in turnover over the next five years.
Future trends to watch for include:
- Technological advancements in glass processing and their impact on production efficiency and costs
- Potential shifts in demand within key end-use sectors such as construction and automotive
- Economic factors affecting overall industrial production and consumption
- Regulatory changes impacting the glass manufacturing and processing sector
