The industrial gases market in Finland has experienced fluctuations over the past decade. Starting at €227.72 million in 2012, the market exhibited a steady increase to €248.63 million by 2014. However, a downturn occurred in 2015, falling to €228.6 million. A significant uptick was observed in 2017, with values reaching €301.61 million, peaking around €302.84 million by 2019. A decline followed with €276.44 million in 2020, but a slight recovery was noted in 2021 and 2022, reaching €295.31 million.
Year-on-year variations reveal notable peaks and troughs. 2017 marked a high with a 27.96% increase, while 2020 saw a significant decrease of 8.72%. The most recent data shows a 6.81% rise in 2022. The Compound Annual Growth Rate (CAGR) over the last five years indicates an overall growth trend at an average of -0.42%.
Looking towards the future, market trends to watch include potential impacts of technological advancements, regulatory changes, and economic conditions that may influence market growth. Additionally, environmental policies and renewable energy initiatives could shape the demand for industrial gases.
How does Finland rank in Industrial Gases Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,428,600,000 | 2023 | +0.22% | -0.67% | View data |
| 2 | 2 Italy | 1,218,600,000 | 2023 | -1.91% | +0.77% | View data |
| 3 | 3 Spain | 1,026,600,000 | 2023 | +3.09% | +2.5% | View data |
| 4 | 4 Netherlands | 804,330,000 | 2023 | -0.87% | -0.46% | View data |
| 5 | 5 Poland | 483,380,000 | 2023 | +2.51% | +2.56% | View data |
| 6 | 6 Belgium | 478,520,000 | 2023 | +1.66% | +2.67% | View data |
| 7 | 7 Finland | 323,510,000 | 2023 | +2.65% | +1.37% | |
| 8 | 8 Czech Republic | 170,670,000 | 2023 | -1.87% | -2.53% | View data |
| 9 | 9 Austria | 162,360,000 | 2023 | -0.64% | -0.41% | View data |
