The woven fabrics of synthetic staple fibers market in Finland have shown a consistent decline over the past decade. The market value decreased from €16.012 million in 2012 to €7.0881 million in 2022. Key annual variations include a significant drop in 2014 (-28.03%) and 2019 (-21.35%). The compound annual growth rate (CAGR) over the last five years shows an average annual decline of -7.66%. Notably, short-term fluctuations have also been present, with minor increases in 2015 (+4.79%) and 2020 (+0.15%).
Looking forward, it will be important to watch for shifts in consumer preferences towards sustainable materials, advancements in textile manufacturing technologies, and changes in trade policies that could impact the market dynamics. Additionally, economic factors such as inflation and changes in disposable income could further influence market trends.
How does Finland rank in Woven Fabrics of Synthetic Staple Fibres Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 376,710,000 | 2023 | -0.35% | -0.48% | View data |
| 2 | 2 Spain | 315,330,000 | 2023 | +1.33% | +1.62% | View data |
| 3 | 3 Poland | 164,670,000 | 2023 | -0.34% | -0.39% | View data |
| 4 | 4 Romania | 147,720,000 | 2023 | +1.23% | -0.18% | View data |
| 5 | 5 United Kingdom | 51,456,000 | 2023 | -5.25% | -5.41% | View data |
| 10 | 10 Croatia | 12,182,000 | 2023 | +6.44% | +0.24% | View data |
| 11 | 11 Slovakia | 10,855,000 | 2023 | -5.71% | -4.42% | View data |
| 12 | 12 Finland | 5,416,700 | 2023 | -13.01% | -11.77% | |
