The textiles finishing industry in Sweden is forecasted to experience a significant downturn from 2024 to 2028. The turnover is projected to decrease from 10.8 million euros in 2024 to 2.2 million euros by 2028. This represents a sharp annual decline, indicating a troubling trend for the industry.
Key Variations:
• From 2024 to 2025: A decrease of 21.3%
• From 2025 to 2026: A decrease of 25.9%
• From 2026 to 2027: A decrease of 33.3%
• From 2027 to 2028: A decrease of 47.6%
The cumulative effect of these year-on-year decreases results in a compound annual growth rate (CAGR) of -30.3% over the five-year period.
Future trends to watch for include the potential impacts of technological advancements in textile production, shifts towards sustainable practices, and changes in consumer preferences possibly leading to a contraction in traditional textile finishing services. The industry’s adaptation to these elements will be critical for future resilience and potential recovery.
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