The Finnish textile weaving market has experienced a consistent decline over the past decade, with values dropping from €79.162 million in 2012 to €44.613 million in 2022. Specifically, the year-on-year variations highlight significant decreases, with notable fluctuations including a -17.09% in 2013, and a slight uptick of 5.98% in 2015. Recent years, from 2016 to 2022, have shown a more stable but persistent decline, with annual decreases ranging from -0.76% to -8.7%. The CAGR for the last five years stands at -5.85%, indicating an average annual market contraction.
Future trends to watch for include potential advancements in sustainable textile production, increased automation, and potential shifts in consumer preferences towards locally produced and eco-friendly textiles. Additionally, global economic conditions and trade policies will likely impact the market's trajectory moving forward.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,717,900,000 | 2023 | -1.53% | -2.78% | View data |
| 2 | 2 Poland | 1,403,700,000 | 2023 | +4.27% | +1.03% | View data |
| 3 | 3 Romania | 1,359,300,000 | 2023 | -0.37% | -2.52% | View data |
| 4 | 4 Portugal | 848,030,000 | 2023 | +0.74% | +0.027% | View data |
| 5 | 5 France | 821,060,000 | 2023 | -0.11% | -2.12% | View data |
| 10 | 10 Croatia | 91,354,000 | 2023 | -1.12% | -1.07% | View data |
| 11 | 11 Sweden | 65,990,000 | 2023 | -1.34% | -0.97% | View data |
| 12 | 12 Finland | 42,167,000 | 2023 | -6.23% | -6.34% | |
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