Based on the historical data, the turnover in the retail sale in non-specialized stores sector in Finland exhibited moderate fluctuations over the period from 2013 to 2023. The sector saw a notable increase in 2017, followed by a sharp drop in 2018. From 2019 onwards, a steady upward trend resumed, with 2023 seeing a turnover of 23.27 billion euros, marking a slight increase from the previous years.
Year-on-year variation in 2023 was 0.65%, indicating stable and measured growth. The CAGR over the last five years stood at 2.3%, reflecting sustained developmental momentum in the sector. Forecasts show a continued gradual increase with a forecasted CAGR of 0.49% from 2024 to 2028, and overall growth of 2.47% by 2028.
Future trends to watch for:
- Impact of digital transformation and e-commerce growth on physical stores.
- Shifts in consumer behavior towards sustainability and local products.
- Economic policies affecting consumer spending power.
