The market for shawls, scarves, mufflers, mantillas, veils, and similar items made of silk or silk waste in Finland showed relative stability from 2013 to 2023, with some fluctuations. The market value peaked in 2013 at around 2.18 million Euros, then gradually declined, hitting a low point in 2020. Recovery occurred post-2020, but the market value remained relatively stable around 2.05 million Euros by 2023. The year-on-year variations present a highly fluctuating pattern, with a significant downturn in 2020 followed by a recovery in 2021. The compound annual growth rate (CAGR) indicates an average annual decrease of 0.49% over the last five years.
Future trends to watch for include possible shifts in consumer preferences and increased competition from synthetic fiber alternatives, which could impact demand. Sustainability and ethical sourcing of silk may also become more influential, potentially affecting market dynamics and growth.
How does Finland rank in Shawls, Scarves, Mufflers, Mantillas, Veils and the Like of Silk or Silk Waste Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33,568,000 | 2023 | +0.23% | -1.55% | View data |
| 2 | 2 Spain | 18,501,000 | 2023 | -0.97% | -2.08% | View data |
| 3 | 3 Austria | 9,358,900 | 2023 | -0.53% | -2.36% | View data |
| 4 | 4 Belgium | 3,137,600 | 2023 | -9.87% | -5.87% | View data |
| 5 | 5 Czech Republic | 2,435,300 | 2023 | -1.36% | -2.07% | View data |
| 6 | 6 Finland | 2,053,300 | 2023 | -0.17% | -0.49% |
