The domestic appliances production value in Finland stood at 115 Million Euros in 2023. Reflecting on the previous two years, there was a year-on-year decline of 4.24% in 2022 and 2.38% in 2023. Over the past five years, the compound annual growth rate (CAGR) was -1.93%. From 2024 onwards, the production value is projected to decrease further, with a forecasted five-year CAGR of -2.14%, culminating in a value of 100.65 Million Euros by 2028.
Future trends to watch for include:
- Technological advancements and their impact on production efficiency.
- Shifts in consumer preferences towards sustainable and smart appliances.
- The effect of global supply chain disruptions on domestic production.
