From 2013 to 2023, the turnover in the Carpets and Rugs sector in Finland has shown a sustained decline, moving from €12.3 million in 2013 to €8.5 million in 2023. Over the past two years, the sector shrank by approximately 4.49% annually. The average annual decline during the last five years is approximately 4.14%. Looking forward, from 2024 to 2028, the sector is expected to continue its downturn, with a forecasted annual contraction rate of around 4.31%, leading to a 19.75% overall decrease over this five-year period.
Future trends to watch for:
- Potential impacts of increasing environmental concerns and sustainability trends.
- Fluctuating costs and availability of raw materials.
- The influence of economic factors on consumer spending power.
- Technological advancements and innovations impacting production and materials.
