The sold production of electric domestic appliances in Finland has exhibited considerable fluctuations over the past decade, reaching 366.57 thousand items in 2023. Historical data reveals a general downward trend until 2019, followed by a recovery phase with significant year-on-year variations, particularly a sharp increase between 2016 and 2017, and again from 2019 to 2020. More recently, before the forecast period, the sector recorded a steady growth, demonstrating resilience post-2019 slump.
Looking ahead, forecasts suggest a consistent upward trend for the next five years with a CAGR of 4.75%, indicating a 26.14% increase by 2028. Anticipated future trends to monitor include advancements in smart home technology, increased consumer demand for energy-efficient appliances, and potential disruptions from global supply chain dynamics.
