The synthetic fibers market in Finland experienced overall growth with fluctuations from 2012 to 2022, starting at 60.154 million euros and reaching 66.786 million euros by 2022. Year-on-year variations indicated notable growth in 2013 (10.65%) and 2019 (6.44%), but the market faced occasional declines, such as in 2020 (-10%) and 2014 (-0.99%). The Compound Annual Growth Rate (CAGR) figures highlight a mixed performance: 2.13% in 2016, 2.42% in 2017, and a decline to -0.3% in 2022.
Recent data from 2023 shows the market standing at 67.3 million euros, showing signs of stabilization and slight growth.
Future trends to watch for:
- The impact of sustainability and circular economy practices on synthetic fiber production and demand.
- Technological advancements in the production processes of synthetic fibers.
- Market shifts due to changing consumer preferences toward eco-friendly alternatives.
- Economic recovery post-pandemic influencing market dynamics.
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,556,200,000 | 2023 | -2.53% | -3% | View data |
| 2 | 2 Italy | 1,541,400,000 | 2023 | -0.13% | +2.54% | View data |
| 3 | 3 Spain | 609,930,000 | 2023 | +0.27% | +4.32% | View data |
| 4 | 4 United Kingdom | 606,290,000 | 2023 | +1.12% | +0.7% | View data |
| 5 | 5 Poland | 593,840,000 | 2023 | +3.35% | +0.75% | View data |
| 10 | 10 Hungary | 126,000,000 | 2023 | -0.29% | +1.64% | View data |
| 11 | 11 Estonia | 93,312,000 | 2023 | +4.94% | +5.42% | View data |
| 12 | 12 Finland | 76,538,000 | 2023 | +4.88% | +2.31% | |
| 13 | 13 Sweden | 65,923,000 | 2023 | -2.03% | -2.55% | View data |
| 14 | 14 Greece | 45,090,000 | 2023 | -1.69% | -0.14% | View data |
