The Finnish underwear market has demonstrated fluctuations over the past decade, beginning at 496.1 million euros in 2012 and experiencing various growth and decline periods. The market saw a consistent decline from 2012 to 2015, marked by a significant drop in 2015. The trend stabilized somewhat from 2016 to 2018 but dipped again sharply in 2020 due to the impacts of the COVID-19 pandemic, exhibiting an 18.58% year-on-year decrease. In 2021, the market bounced back with a notable 20.07% increase before stabilizing with a slight decline of 0.34% in 2022. The estimated value for 2023 indicates that the market stands at approximately 438 million euros. The compound annual growth rate (CAGR) over the last five years stands at 0.13%, pointing to a relatively stagnant yet slightly improving market.
Future trends to watch for include the impact of sustainability practices, the adoption of smart textiles, and the popularity of premium and comfort-oriented underwear. Analyzing consumer preferences and addressing new technological advancements will be critical in influencing market growth in the coming years.
How does Finland rank in Underwear Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 6,208,700,000 | 2023 | -0.042% | +0.79% | View data |
| 2 | 2 France | 5,600,400,000 | 2023 | +5.54% | +1.8% | View data |
| 3 | 3 Germany | 5,596,300,000 | 2023 | +1.71% | -1.11% | View data |
| 4 | 4 Spain | 3,301,500,000 | 2023 | -0.71% | -0.33% | View data |
| 5 | 5 Italy | 2,007,000,000 | 2023 | -3.1% | -3.2% | View data |
| 12 | 12 Greece | 612,050,000 | 2023 | +2.62% | -0.9% | View data |
| 13 | 13 Sweden | 599,430,000 | 2023 | -7.82% | -6.52% | View data |
| 14 | 14 Finland | 436,800,000 | 2023 | -0.33% | +0.37% | |
| 15 | 15 Czech Republic | 375,760,000 | 2023 | +2.85% | +2.71% | View data |
| 16 | 16 Croatia | 303,350,000 | 2023 | +4.3% | +3.21% | View data |
