In 2023, the sold production of watches and clocks in Finland stood at 575.21 thousand euros. The forecasted data from 2024 to 2028 shows a significant decline, starting at 462.72 thousand euros in 2024 and decreasing to 54.74 thousand euros by 2028. The year-on-year percentage variations reveal consistent reductions: 2024 sees a decline of 18.7% from 2023, 2025 drops by 22.4%, 2026 by 28.5%, 2027 by 39.5%, and finally, 2028 plummets by 64.7%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -35.8%, underscoring a sharp downward trend in the market.
Future trends to watch for include shifts in consumer preferences towards smartwatches, the impact of technological advancements, and the economic factors affecting discretionary spending. Enhanced digitalization and competition from global players may also shape the market landscape significantly.
