The Finnish footwear sector experienced considerable fluctuations from 2013 to 2023, characterized by intermittent growth and declines. In 2023, the turnover stood at 201.6 million euros, reflecting a 4.73% year-on-year increase from 2022. Over the previous two years, the sector recorded a cumulative growth of 12.5%. However, the Compound Annual Growth Rate (CAGR) over the past five years was 2.57%, indicating moderate long-term stability.
From 2024 onwards, the forecast suggests a gradual, albeit minimal, growth with a CAGR of 0.14% up to 2028, and an overall increase of 0.69% during this period. Future trends to monitor include shifts in consumer preferences toward sustainable and athleisure footwear, potential economic uncertainties, and technological advancements influencing both production and sales channels in the Finnish market. Additionally, monitoring global trade policies and their impact on imports and exports will be crucial for understanding the sector's future dynamics.
