Over the period from 2013 to 2023, the sports goods turnover in Finland experienced significant fluctuations. Post-2014, a gradual recovery began, culminating in robust growth especially from 2018 onwards. In 2023, the value stood at 227.5 Million Euros, marking a 7.31% increase year-on-year. The compound annual growth rate (CAGR) over the last five years was 6.3%. Future forecasts from 2024 to 2028 indicate a steady but moderate growth trend, with a projected 5-year CAGR of 1.62% and an overall growth rate of 8.35% by 2028.
Future trends to watch for:
- Growing consumer demand for fitness and wellness products.
- Technological advancements in sports goods, enhancing performance and user experience.
- Sustainability trends and the increasing preference for eco-friendly and ethically produced sports goods.
- Expansion of e-commerce platforms and their impact on traditional retail.