Between 2013 and 2023, the Finnish market for embroidery of textiles in the piece, in strips, or in motifs experienced a general downward trend, with the market size decreasing from 2.0908 million euros in 2013 to 1.3221 million euros in 2023.
The year-on-year variations indicate fluctuations, with significant declines particularly in 2015 and 2020, whereas 2021 saw a notable recovery. Over the last five years, the market contracted at a compound annual growth rate (CAGR) of -3.02%. This decline suggests reduced demand or competitive challenges in the Finnish embroidery sector.
Looking ahead, key trends to watch will include the impact of evolving fashion preferences, technological advancements in embroidery production, and increased demand for personalized textile products. Additionally, sustainability and eco-friendly practices in textile production will likely shape future market dynamics.
