The production volume of clothing in Finland is projected to decline significantly between 2024 and 2028. Starting from 122.18 million Euros in 2024, the production value is expected to drop to 96.32 million Euros in 2025, 70.97 million Euros in 2026, 46.13 million Euros in 2027, and 21.78 million Euros in 2028. The year-on-year variations are sharp, indicating a consistent downward trend.
- 2024-2025: -21.1%
- 2025-2026: -26.3%
- 2026-2027: -35.0%
- 2027-2028: -52.6%
The compounded annual growth rate (CAGR) over this five-year period is highly negative, reflecting a steep average annual decline.
Future trends to watch for include the impact of sustainable fashion movements, technological advancements in production, and potential shifts in consumer behavior towards quality over quantity, which may affect domestic production volumes. Additionally, the influence of international trade agreements and economic conditions will be crucial in shaping the future landscape of the clothing industry in Finland.
