The Clothing industry's Value Added in Finland experienced a declining trend from 2013 to 2023. The value stood at 107 million Euros in 2023, reflecting a continuous downward trajectory over the years. Notably, the years 2014 to 2016 saw occasional upticks, but overall the trend remained negative. Over the last two years, the variations were -3.48% in 2022 and -3.6% in 2023, emphasizing the industry's ongoing contraction. The Compound Annual Growth Rate (CAGR) over the last 5 years was -3.52%, indicating a steady decrease.

Future trends to watch for include:

Increasing competition and globalization, which may further pressure local manufacturing.
Technological advancements and shifting consumer preferences towards sustainable and ethical fashion contributing to market dynamics.
Potential policy interventions and economic stimuli that could affect industry performance.