Between 2013 and 2023, Finland's sold production of footwear showed notable fluctuations. It started at 120.56 million euros in 2013 and reached 127.62 million euros in 2023. Key trends included a significant drop in 2015 by 14.87%, followed by a recovery in 2016 and a steady increase from 2017 to 2019. Post-2019, some inconsistency appeared, with a notable dip in 2020 and a steady climb to 2023, although the year-on-year changes were marginal at around 1% in the last three years.
Looking ahead, the forecasted data from 2024 to 2028 suggests a gradual upward trend, with an estimated 5-year CAGR of 0.66%. Future factors to watch include shifts in consumer preferences, global economic conditions, and potential market disruptions. These elements could significantly impact both the growth rate and the overall market dynamics in the Finnish footwear industry.
