The household expenditure on kitchenware in Finland saw a declining trend from 2013 to 2018, with key decreases in 2014 (-1.77%) and 2018 (-5.14%). This was followed by a recovery period starting in 2019, experiencing a significant surge in 2021 (27.46%) and consistent growth through 2023, where it stood at 578.6 million Euros.
In terms of the last two years, the year-on-year variations were 2.33% in 2022 and 1.51% in 2023. The last five-year period shows a CAGR of 7.34%, indicating strong recovery and growth. Forecast data suggests continued expenditure growth with an average annual increase of 1.11% leading to a total growth rate of 5.69% by 2028.
Future trends to watch for:
- Increased interest in home improvement and kitchen upgrades, especially post-pandemic lifestyle changes.
- Potential impact of economic factors like inflation and supply chain disruptions on kitchenware expenditure.
- Emerging technologies and smart kitchen devices that could drive higher household spending.
- Environmental and sustainability trends influencing consumer choices towards more eco-friendly kitchenware products.
