Based on the data provided, the forecasted sold production values (in thousands of items) for leather-based or leather apparel in Finland for the years 2024 to 2028 are as follows:
- 2024: 4.29
- 2025: 4.68
- 2026: 5.06
- 2027: 5.43
- 2028: 5.80
The year-on-year variations are:
- 2024-2025: (4.68 - 4.29) / 4.29 * 100 = 9.09%
- 2025-2026: (5.06 - 4.68) / 4.68 * 100 = 8.12%
- 2026-2027: (5.43 - 5.06) / 5.06 * 100 = 7.32%
- 2027-2028: (5.80 - 5.43) / 5.43 * 100 = 6.82%
Over the five-year period from 2024 to 2028, the CAGR is calculated as:
CAGR = ((5.80 / 4.29)^(1/4) - 1) * 100 = 7.70%
Future trends in the production of leather-based or leather apparel in Finland include potential fluctuations in demand influenced by fashion trends, consumer preferences for sustainable and ethical products, and the overall economic environment. Additionally, innovations in leather technology and increased competition from alternative materials may impact production volumes.
