The production of wool yarn in Finland saw fluctuating values between 2013 and 2023. From an actual value of 689.72 thousand kilograms in 2013, the production experienced varied year-on-year changes, with significant growth noted from 2020 onwards. In 2023, the production value stood at 1086.0 thousand kilograms, showing a marked increase from previous years. The Compound Annual Growth Rate (CAGR) over the last five years was a robust 9.78%.

Key Year-on-Year variations:

2022-2023: 8.79%
2021-2022: 9.7%

Future trends to watch for:

Projected annual growth continues upward, with forecasts estimating production to reach 1511.8 thousand kilograms by 2028.
The forecasted CAGR over the next five years is 5.21%, indicating steady growth.
Consider factors like international market demand, technological advancements in yarn production, and potential shifts in raw material availability.