The Finnish market for knitted or crocheted hosiery and footwear in 2023 stood at €59.861 million, showing a slight decline of 1.41% compared to the previous year. Over the past five years, the compound annual growth rate was negative at -0.57%, indicating a trend of decline. While there were fluctuations throughout the years, with periods of growth in 2016 and 2017, the overall long-term trajectory has been downward, punctuated by occasional recoveries.
Future trends to watch for include:
- A potential rebound driven by increased consumer preference for comfortable and personalized fashion, fostering innovations in materials and designs.
- Sustainability becoming a critical factor, potentially influencing a shift towards eco-friendly materials and production methods.
- The impact of economic conditions and disposable income variations on consumer purchasing power and preferences in Finland.
How does Finland rank in Knitted or Crocheted Hosiery and Footwear Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,256,300,000 | 2023 | +1.95% | +1.66% | View data |
| 2 | 2 France | 879,810,000 | 2023 | +1.17% | +1.41% | View data |
| 3 | 3 United Kingdom | 589,890,000 | 2023 | +0.67% | +0.77% | View data |
| 4 | 4 Spain | 304,870,000 | 2023 | +0.88% | +1.23% | View data |
| 5 | 5 Austria | 179,220,000 | 2023 | +4.11% | +4.77% | View data |
| 7 | 7 Sweden | 114,380,000 | 2023 | +2.01% | +1.88% | View data |
| 8 | 8 Ireland | 81,712,000 | 2023 | +2.81% | +4.12% | View data |
| 9 | 9 Finland | 59,861,000 | 2023 | -1.41% | -0.57% | |
| 10 | 10 Greece | 58,703,000 | 2023 | +2.67% | +4.36% | View data |
| 11 | 11 Czech Republic | 55,491,000 | 2023 | +1.45% | +1.43% | View data |
