The production value in the construction of roads and railways sector in Finland showed significant fluctuations over the past decade. Starting at 2.29 billion Euros in 2013, the value saw a general downward trend up to 2019 before experiencing a notable upsurge in 2020. By 2023, the value stood at 2.26 billion Euros.
Recent year-on-year variations reflect a steady recovery, with a 0.41% increase in 2022 and a 0.40% increase in 2023. The CAGR over the past five years (2019-2023) has been 4.39%. Forecasts suggest a gradual growth, with the value expected to reach 2.3 billion Euros by 2028, indicating a moderate 0.31% average annual growth rate over the next five years.
Future trends to watch for:
- Technological advancements in construction materials and processes.
- Government infrastructure investments and policies.
- Potential economic fluctuations impacting budget allocations.
- Environmental considerations and sustainable construction practices.