The Finnish manufacture of sports goods sector exhibited fluctuating trends from 2013 to 2023. Starting at 142.1 million Euros in 2013, it saw a downturn until 2015 before rebounding steadily from 2016. Noteworthy growth occurred in 2018, peaking at 172.6 million Euros in 2019. The sector faced a dip in 2020, likely due to the pandemic, but recovered in 2021 and reached 183.1 million Euros in 2023, with a 5.84% year-on-year uptick and a five-year CAGR of 2.91%.
Looking forward:
- Forecasts indicate incremental growth, reaching 200.4 million Euros by 2028 with a forecasted 5-year CAGR of 1.44%.
- Short-term predictions reflect modest increases yearly, averaging a forecast 5-year growth rate of 7.4% by 2028.
Future trends to watch include the impact of technological advancements, shifts in consumer preferences towards health and fitness, and potential economic uncertainties affecting disposable income.
