From 2013 to 2023, Finland's export of Wool, Animal Hair, Horsehair Yarn, and Fabric experienced significant fluctuations. The highest value recorded was $2.8046 million in 2014, followed by a general downward trend. The past two years saw a decline with an 8.0% drop from 2021 to 2022, and an 8.52% decrease in 2023. As of 2023, the value stood at $1.4612 million. The five-year CAGR leading up to 2023 was -9.37%, indicating a notable reduction in export values.
Forecasts project a continued decline, with a forecasted five-year CAGR of -10.58%, anticipating the value to decrease to $0.75011 million by 2028. Future trends to monitor include global demand changes, cost of raw materials, and potential economic recovery post-pandemic, which could influence export values.
