The Embroidery in the Piece in Strips or in Motifs market in Finland has seen a substantial decline over the last decade, reaching a market size of 1.0972 million Euros in 2023. The market experienced fluctuations with periods of slight growth followed by more pronounced decreases. From 2019 to 2023, the market contracted with a compounded annual growth rate (CAGR) of -5.88%. In particular, the last two years showcased notable year-on-year declines, with a 15.23% drop in 2022, followed by a 7.7% decrease in 2023.
Looking forward, potential trends to watch for include increased demand for sustainable and ethically sourced embroidery, technological advancements in embroidery machinery, and the integration of digital design customization. Market players should also consider the potential influences of changing consumer preferences and economic conditions in Finland that could impact demand.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 442,880,000 | 2023 | +2.9% | -1.29% | View data |
| 2 | 2 France | 176,340,000 | 2023 | +1.85% | +2.62% | View data |
| 3 | 3 Germany | 73,926,000 | 2023 | +3.48% | +0.3% | View data |
| 4 | 4 Portugal | 39,329,000 | 2023 | +1.14% | +1% | View data |
| 5 | 5 United Kingdom | 20,308,000 | 2023 | -2.38% | -2.54% | View data |
| 6 | 6 Bulgaria | 4,658,300 | 2023 | +3.37% | +1.35% | View data |
| 7 | 7 Finland | 1,097,200 | 2023 | -7.7% | -5.88% | |
| 8 | 8 Croatia | 907,110 | 2023 | +0.52% | -3.41% | View data |
