From 2013 to 2019, the turnover of floor and wall covering in Finland exhibited a generally upward trend, despite some fluctuations. Notably, the market saw considerable growth between 2016 and 2019, peaking in 2019 with a turnover of 397.6 million Euros. However, 2020 witnessed a dip, likely influenced by market disruptions such as the COVID-19 pandemic, before a return to modest growth in subsequent years. By 2023, the turnover stood at 399.1 million Euros.
The year-on-year growth was relatively stable, if modest, over the last two years: 1.29% in 2022 and 1.27% in 2023. Over a longer period (five years), the compound annual growth rate (CAGR) displays a decelerating trend, reflecting economic and market challenges.
Future trends to watch for include improvements or changes in economic conditions, shifts in consumer preferences towards sustainable materials, and potential technological advancements in production processes that could influence market dynamics.
