The Finnish market for Textile Wicks, Conveyor Belts, or Belting showed significant growth over recent years, reaching a value of 60.834 million Euros in 2023. The market recorded year-on-year growth rates fluctuating from -7.54% in 2016 to a peak of 22.97% in 2017 and then stabilizing to 4.6% in 2023. Over the last five years, the market experienced a compound annual growth rate (CAGR) of 4.77%, indicating a steady upward trend.
Future trends to watch for:
- Increased demand fueled by automation and digitization within industrial processes.
- Potential challenges from economic shifts and global supply chain modifications.
- Advancements in materials technology enhancing product performance and sustainability.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 60,834,000 | 2023 | +4.6% | +4.77% | |
| 2 | 2 Poland | 48,559,000 | 2023 | +0.13% | -0.2% | View data |
| 3 | 3 Denmark | 43,905,000 | 2023 | +1.42% | +1.64% | View data |
| 4 | 4 Sweden | 43,037,000 | 2023 | -10.43% | -6.77% | View data |
| 5 | 5 Estonia | 7,240,100 | 2023 | -0.0032% | -1.46% | View data |
