In 2023, the rubber products manufacturing sector in Finland stood at 622.79 million euros. The forecasted values from 2024 to 2028 indicate a gradual decline in the sector’s production. Year-on-year percentage variations show a consistent downward trend: -0.99% from 2024 to 2025, -0.98% from 2025 to 2026, -0.97% from 2026 to 2027, and -0.96% from 2027 to 2028.
Considering the average variation per year over the last five years (Compound Annual Growth Rate or CAGR), the sector is expected to experience a negative growth rate. The 5-year projection reflects a continuous decrease, indicating potential challenges for the sector.
Future trends to watch for include technological advancements in manufacturing processes, the impact of environmental regulations on production costs, and shifts in global demand for rubber products. These factors could significantly influence the industry's trajectory moving forward.
