Based on available data, wages and salaries for the metal forming machinery and machine tools sector in Finland stood at 87.4 million Euros in 2023. The actual data fluctuated between 2013 and 2023, peaking at 91.0 million Euros in 2018 and 2019 before experiencing a slight decline.
Year-on-year variations highlight significant dips and peaks: 2015 saw the largest drop with a -13.03% change, whereas 2018 marked a high with an 8.59% increase. Between 2021 and 2023, the market stabilized modestly, averaging around 0.81% annual growth.
The compound annual growth rate (CAGR) for the last five years stands at -0.8%, indicating a minor overall decline. However, forecast data from 2024 to 2028 show a rebound with a forecasted 5-year CAGR of 0.63% and a total forecast growth rate of 3.18%.
Future trends to watch for include potential technological advancements in machinery, shifts in global trade policies, and fluctuating raw material costs, all of which could significantly impact wage and salary dynamics in this sector.
