Between 2013 and 2019, Finland had no recorded production of primary cells and primary batteries. From 2020 onwards, production values are indicated, peaking in 2021 at €35,000. This growth rate corresponds to a year-on-year increase of 3.42% in 2021, followed by a significant drop of -13.54% in 2022. By 2023, production stabilized at €30,280 with a slight increase of 0.056% from the previous year.
For the future (2024 to 2028), the production is forecasted to grow very modestly, with a forecasted 0.04% CAGR and an overall growth rate of 0.22% over the next five years, stabilizing around €30,360 by 2028.
Key future trends to watch for include:
- Advances in technology and innovation within the battery industry.
- Potential changes in regulatory policies affecting production and environmental standards.
- Impact of global supply chain disruptions and raw material availability on production capacity.
- Shifts in consumer demand driven by the increasing adoption of electric vehicles and renewable energy storage solutions.
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