The gross investment in Finland's glass and glass products sector has experienced significant fluctuations over the past decade, with a notable peak in 2018 reaching 27.5 million euros. However, the sector witnessed a considerable decline in 2019 and has generally displayed a downward trend since then. By 2023, the gross investment stood at 12.3 million euros. Over the past two years, there was a year-on-year decline of -2.34% in 2022 and -1.6% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was -1.92%.
Looking ahead, the forecast for gross investment continues this downward trend, with minor annual reductions anticipated, reaching 11.8 million euros by 2028. The 5-year forecast CAGR is predicted to be -0.66%, indicating a very modest decline annually.
Future trends to watch for:
- Technological advancements in manufacturing processes that could influence investment levels.
- Potential government initiatives or policies aimed at boosting industrial investment.
- Global economic conditions impacting demand for glass and glass products.
- Changes in consumer preferences towards sustainable and recyclable materials.
- Fluctuations in raw material costs and availability.
