The retail sale via stalls and markets sector in Finland has experienced substantial fluctuation over the past decade. Starting from 33.0 million euros in 2014, the turnover saw marginal declines and a notable drop in 2016. However, the sector rebounded significantly with a peak growth of 29.28% in 2017. Subsequently, the growth maintained a positive trend until 2019. In 2020, there was a minor dip, likely due to the pandemic, but recovery was quick with consistent growth rates observed from 2021 through 2023. By 2023, the turnover reached 53.2 million euros.
Observing the last two years, the year-on-year variations were 3.7% for 2023 and 4.06% for 2022. The compound annual growth rate (CAGR) over the last five years leading to 2023 is approximately 3.87%. Looking forward, the forecast indicates a modest but steady growth with a forecasted 5-year CAGR of 2.62% and an overall forecasted growth rate of 13.79% by 2028.
Future trends to watch for include the impact of digital transformation on traditional stalls and markets, shifts in consumer behavior towards sustainability, and potential economic fluctuations within Finland and the broader European market. Adapting to these factors will be crucial for sustained growth in this sector.
