The market for woven fabrics of synthetic staple fibers in Finland has experienced a declining trend from 2013 to 2023, with a notable drop from 5.76 million Euros in 2013 to 3.45 million Euros in 2023. The year-on-year analysis indicates significant variability, with occasional positive growth years such as 2016, 2018, and 2019. However, the general trajectory has been negative, with the most recent years, particularly 2021 to 2023, showing consistent declines.
Key points include:
- 2023 market size stood at 3.45 million Euros.
- Substantial yearly declines with notable drops in 2021 (-10.43%) and 2023 (-8.42%).
- Five-year CAGR of -4.82%, highlighting ongoing contraction.
Future trends to watch could involve technological advancements in fabric production, changes in consumer preferences towards sustainable materials, and economic factors influencing the textile industry in Finland. Policy shifts regarding environmental impacts and trade agreements may also play significant roles in shaping market dynamics.
How does Finland rank in Woven Fabrics of Synthetic Staple Fibres Containing at Least 85% by Weight of Synthetic Staple Fibres Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 420,820,000 | 2023 | +0.86% | +0.79% | View data |
| 2 | 2 Poland | 62,976,000 | 2023 | +3.15% | +0.84% | View data |
| 3 | 3 United Kingdom | 51,508,000 | 2023 | -1.5% | -1.64% | View data |
| 4 | 4 Belgium | 33,007,000 | 2023 | -1.1% | -1.38% | View data |
| 5 | 5 Czech Republic | 14,388,000 | 2023 | +2.67% | +0.35% | View data |
| 7 | 7 Lithuania | 11,244,000 | 2023 | +5.64% | +2.04% | View data |
| 8 | 8 Greece | 7,761,900 | 2023 | -0.85% | -0.78% | View data |
| 9 | 9 Finland | 3,453,000 | 2023 | -8.42% | -4.82% | |
