The clothing finishing services sector in Finland has shown varied performance from 2013 to 2023. The sector saw a significant decline in value from 2013 to 2014, with a year-on-year drop of 31.33%. A consistent decline continued until 2016, followed by a period of volatility with minor fluctuations. By 2019, the market started to stabilize, registering modest growth.
In 2021, the sector experienced a notable increase of 9.83%, suggesting a recovery phase. However, this growth was interrupted by an 8.18% decline in 2022. In 2023, the sector's value stood at 2.3732 million Euros, showing a slight positive year-on-year variation of 2.28%, with an overall CAGR of 1.66% over the past five years.
Going forward, the forecasted data from 2024 to 2028 indicates a steady growth trajectory, with a five-year forecast CAGR of 1.63% and an aggregate growth rate of 8.42%. Future trends to watch for include technological advancements in clothing finishing processes, increasing demand for sustainable and eco-friendly services, and potential fluctuations induced by global economic conditions impacting the garment industry.
