In 2023, the sold production of shaped and processed flat glass in Finland stood at 164.22 million Euros. The historical data shows significant fluctuations with the most substantial drop occurring in 2015 (-19.38%) followed by a steady decline until 2016. A notable recovery was observed in 2019 with a 13.94% increase. The market showed resilience with positive growth in recent years, achieving a 2.59% increase in 2023 from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years has been 1.44%.
Future forecasts indicate a slight decline, with a projected 5-year CAGR of -0.92%, culminating in an estimated value of 154.99 million Euros by 2028. The market is expected to experience a minor contraction (-4.53%) over the next five years.
Future trends to watch for:
- Technological advancements in glass manufacturing.
- Impact of economic conditions and construction industry growth on demand.
- Environmental regulations and the push for sustainability in production.
- Innovations in glass applications in various industries.
