The market for tracksuits, ski suits, swimwear, and other knitted or crocheted garments in Finland has shown a consistent decline in value from 2013 to 2023, decreasing from 1.993 million to 1.3903 million. The most significant year-on-year decline occurred in 2014, with a drop of 14.49%, and the market continued to shrink with some fluctuations in subsequent years. From 2019 to 2023, despite a slight recovery in 2020, the compound annual growth rate (CAGR) indicates an average annual decrease of 1.55%.
Future trends to watch for include:
- Growing consumer interest in sustainable and eco-friendly fabrics.
- Increased demand for multifunctional garments that cater to various athletic activities.
- The influence of athleisure trends as lifestyle preferences continue to evolve.
- Potential market expansion through digital and online distribution channels.
