The aluminium market in Finland has seen fluctuations over the past decade. In 2023, the market stood at 155.52 million kilograms. From 2013 to 2023, the market experienced notable year-on-year variations, peaking in 2016 with a growth of 7.88% and hitting a low in 2020 with a decline of 5.95%. The last two years showed modest growth rates of 3.58% in 2022 and 3.42% in 2023. The 5-year CAGR leading up to 2023 averaged -0.35%, indicating slight overall contraction during that period.
Forecasts for 2024 and beyond predict a steady increase, with an expected value of 180.46 million kilograms by 2028. The forecasted 5-year CAGR is 2.36%, suggesting moderate annual growth averaging around 2.36% per year, contributing to a forecasted total growth of 12.36% over the next five years.
Future trends to watch for include potential impacts of global economic conditions, technological advancements in aluminium production, and shifts in demand driven by industries such as automotive and construction. Additionally, sustainability initiatives and regulations could shape long-term market dynamics.
