The consumer electronics market in Finland has experienced fluctuating growth over the past decade. From 2012 to 2014, the market contracted significantly but began to recover by 2015, continuing to grow steadily through 2022. Year-on-year variations show some volatility, with notable growth rates between 2016 and 2019 and a slight decline in 2020, likely influenced by global events. The market stabilized with modest growth, evidenced by a 1.27% increase in 2022. The Compound Annual Growth Rate (CAGR) for the past five years has been 4.29%, indicating a consistent upward trend.
- 2012-2014: Market contraction.
- 2015-2019: Recovery and growth phases.
- 2020: Slight decline during a global crisis.
- 2021-2022: Stabilized, consistent growth.
Looking into the future, several trends will shape the consumer electronics market in Finland. These include the increasing adoption of smart home devices, the expansion of 5G technology, and a growing emphasis on sustainability and eco-friendly products. The market is expected to experience continued growth, driven by innovation and consumer demand for the latest technology.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,644,000,000 | 2023 | +0.43% | +0.45% | View data |
| 2 | 2 United Kingdom | 7,970,200,000 | 2023 | +0.29% | -0.027% | View data |
| 3 | 3 France | 5,458,600,000 | 2023 | -1.46% | -2.6% | View data |
| 4 | 4 Spain | 2,983,200,000 | 2023 | +1.11% | +0.77% | View data |
| 5 | 5 Portugal | 1,774,300,000 | 2023 | +4.56% | +3.87% | View data |
| 6 | 6 Sweden | 973,190,000 | 2023 | -1.05% | +0.27% | View data |
| 7 | 7 Finland | 864,590,000 | 2023 | +0.71% | +2.33% | |
| 8 | 8 Ireland | 705,640,000 | 2023 | +8.22% | +9.95% | View data |
| 9 | 9 Denmark | 628,330,000 | 2023 | -3.12% | -0.52% | View data |
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