The leather footwear parts market in Finland is experiencing a decline. Starting from 3.2578 million euros in 2024, the forecasted values decrease significantly each year: 2.6837 million euros in 2025, 2.1155 million euros in 2026, 1.5529 million euros in 2027, and 0.99589 million euros in 2028. As we look back, the industry stood at 3.847 million euros in 2023.
Variations year-on-year show a downward trend:- 2024 compared to 2023: -15.33%- 2025 compared to 2024: -17.62%- 2026 compared to 2025: -21.17%- 2027 compared to 2026: -26.62%- 2028 compared to 2027: -35.88%
The CAGR over the last five years is -23.89%, illustrating a continuous and pronounced decline.
Future trends to watch for:- Shifts in consumer preferences towards sustainable and alternative materials.- Potential impacts of economic factors and trade policies on local production.- Technological advancements in synthetic materials reducing reliance on traditional leather.
