The copper wire market in Finland has shown considerable fluctuations over the past decade. Starting from 2012, the market exhibited a declining trend with notable year-on-year declines of 3.92% in 2012 and 12.33% in 2013. It bounced back in certain years, such as 2014 with a 9.55% increase and 2016 with a 9.79% rise. Despite these recoveries, the market faced several setbacks including a 9.9% drop in 2015 and minor declines in 2018 and 2019. The overall compound annual growth rate (CAGR) has also fluctuated, remaining mostly below 1% and even showing a negative trend of -0.67% over the last five years.
Key Trends and Metrics:
- 2013: Market value decreased by 12.33%.
- 2015: Significant decrease of 9.9% YoY, with a -4.36% CAGR to this point.
- 2016: Market rebounded with a 9.79% increase.
- 2017: Continued growth with an 8.92% increase.
- 2018: Experienced a slight decline of 2.62%.
- 2020: Noticed a moderate growth of 2.79%.
- Last 5 years (up to 2022): Showed an average annual decrease (CAGR) of -0.67%.
Looking ahead, the market is expected to stabilize, with modest growth potential indicated by the slight YoY growths and stabilization in recent years. Future trends to watch for include advancements in electrical infrastructure, increased demand in renewable energy projects, and the impact of global copper price volatility on local market dynamics.
How does Finland rank in Copper Wire Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,335,700,000 | 2023 | -0.89% | -0.32% | View data |
| 2 | 2 Czech Republic | 556,520,000 | 2023 | -0.28% | -1.43% | View data |
| 3 | 3 United Kingdom | 441,140,000 | 2023 | -3.26% | -3.23% | View data |
| 4 | 4 Austria | 351,220,000 | 2023 | -0.26% | -1.92% | View data |
| 5 | 5 Hungary | 333,750,000 | 2023 | -2.09% | -3.1% | View data |
| 6 | 6 Finland | 176,790,000 | 2023 | -0.47% | -1.35% | |
| 7 | 7 Denmark | 45,192,000 | 2023 | -3.96% | -0.13% | View data |
