The unwrought aluminium market size in Finland, expressed in volume, stood at 48.846 million kilograms in 2023. This reflected a modest year-on-year increase of 0.62% from 2022. Over the past five years, the compound annual growth rate (CAGR) remained low at 0.49%, signifying a stable but slow growth trajectory.
Looking ahead, from 2024 onwards, the market is forecasted to grow steadily with a five-year CAGR of 0.5%, reaching 50.42 million kilograms by 2028. This translates to a cumulative growth rate of 2.53% over the forecast period.
Future trends to watch for:
- Fluctuations in global aluminium prices could impact supply and demand dynamics.
- Environmental regulations and shifts towards sustainable practices may influence production processes and volumes.
- Technological advancements in aluminium production and recycling could drive efficiency and growth.
- Macroeconomic factors such as trade policies and economic growth rates may also shape future market performance.