In 2023, the footwear production value in Finland stood at 203.6 million Euros. Historically, this sector has experienced significant fluctuations with both considerable growth and declines. Notable changes include a 15.03% increase in 2017 followed by a 13.98% drop in 2018 and a substantial decrease of 20.6% in 2020. The sector showed resilience with a recovery trend, exhibiting positive year-on-year growth in 2021 and 2022, ranging from 8.44% to 12.97%. The average variation per year over the last five years indicates a 2.75% compound annual growth rate (CAGR).

Future trends to watch for:

Steady growth with forecasted values increasing through 2028.
Forecasted 5-year CAGR is 0.78%, suggesting modest, consistent growth.
Potential market stabilization post-major fluctuations observed in the past decade.