In Finland, the sold production of synthetic rubber has experienced significant fluctuations over the past decade, with a notable decline overall. From a high of 240.26 million Euros in 2013, the value has steadily decreased, reaching 131.75 million Euros in 2023—a substantial drop. Year-on-year variations show sharp declines, particularly in 2015 (-19.47%), 2016 (-20.76%), and 2020 (-33.37%). Despite a brief recovery in 2021 with a 68.01% increase, the downward trend continued.
Looking ahead, the forecasted data indicates a continued decline, with the value projected to reach 91.25 million Euros by 2028. The 5-year CAGR from 2023 to 2028 is expected to be -5.87%, translating to a 26.11% decrease in total value over this period.
Future trends to watch for:
- Assess the impact of global economic factors and the European Union's regulatory environment on the synthetic rubber industry.
- Monitor advancements in alternative materials and potential shifts in demand due to sustainable practices in various industries.
- Evaluate how technological innovations and improvements in production efficiency could influence market dynamics.
