The market size of woven fabrics of synthetic filament yarns in Finland has seen a notable decline over the past decade, decreasing from a peak in 2018 of more than 10 million euros to under 8 million euros by 2023. Over the last two years, the market further shrank, with year-on-year variations of -3.89% in 2022 and -4.01% in 2023. The compound annual growth rate for the last five years stands at -6.05%, indicating a steady annual contraction.
Future trends to watch for include:
- An increased focus on sustainable and eco-friendly materials, potentially affecting synthetic yarn demand.
- Technological advancements that may enhance productivity and cost-efficiency in production.
- The potential impact of global economic conditions and supply chain disruptions on market dynamics.
How does Finland rank in Woven Fabrics of Synthetic Filament Yarns Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 444,140,000 | 2023 | +7.63% | +3.05% | View data |
| 2 | 2 Romania | 229,730,000 | 2023 | -4.96% | -5.3% | View data |
| 3 | 3 United Kingdom | 204,400,000 | 2023 | +1.37% | +1.37% | View data |
| 4 | 4 Czech Republic | 147,870,000 | 2023 | +0.033% | +0.26% | View data |
| 5 | 5 Austria | 57,434,000 | 2023 | -2.37% | -0.47% | View data |
| 10 | 10 Denmark | 20,569,000 | 2023 | +3.39% | +3.49% | View data |
| 11 | 11 Croatia | 19,085,000 | 2023 | +1.87% | +1.18% | View data |
| 12 | 12 Finland | 7,919,300 | 2023 | -4.01% | -6.05% | |
