From 2013 to 2023, the wood products turnover in Finland experienced significant fluctuations. The turnover saw a modest decline in the early years from 2013 to 2015, followed by a steady increase from 2016 to 2017. In 2018, there was an extraordinary jump of 133.1%, marking the industry's highest point within this period. Subsequently, the turnover slightly decreased in 2019 and 2020 but maintained a generally upward trend from 2021 through 2023, achieving a turnover of €5.38 billion in 2023.
For the future, the forecasted CAGR through 2028 is 1.15%, indicating a stable but moderate growth rate for the wood products industry in Finland. This growth rate is expected to result in a turnover of €5.78 billion by 2028, showing a gradual increase year over year.
**Future Trends to Watch For:**
- Technological advancements in wood processing and manufacturing- Sustainable practices and eco-friendly certification on products- Global market demands and export opportunities- Potential impact of economic fluctuations and regulatory changes
