The wool yarn market in Finland has experienced varied trends over the past decade. Starting at 32.108 million Euros in 2012, the market saw a period of decline, hitting a low of 28.028 million Euros in 2014. This trend reversed in 2016 with a striking growth of 26.12%, and values continued to improve, peaking at 39.63 million Euros in 2022. The most recent data suggests the market stood at approximately 39.70 million Euros in 2023.
Key observations include:
- YoY growth rate over the last two years indicates a mild stabilizing trend with a variation of -0.83% in 2021 and 1.63% in 2022.
- The 5-year CAGR from 2018 to 2023 averages at approximately 2.13%, suggesting a gradual upward trend.
Future trends to watch for include an emphasis on sustainable and eco-friendly wool products, technological advancements in yarn production, and potential growth driven by increasing demand for high-quality wool yarn in crafts and textiles.
