The kitchen furniture market in Finland experienced a fluctuating trend from 2013 to 2023. The highest turnover was in 2013, but the market dipped significantly in 2014, followed by a gradual recovery over the years. The turnover reached 393.6 million Euros in 2023, marking a slight decline of 0.13% year-on-year.
The last two years have shown minor negative variations in turnover, with -0.20% and -0.13% for 2022 and 2023, respectively. Over the last five years, the market has experienced an average annual variation (CAGR) of -0.25%, indicating a contraction in the market.
Forecasts suggest the trend will continue with slight declines, leading to a turnover of 392.0 million Euros by 2028. The forecasted average annual variation is expected to be -0.06% over the next five years.
Future trends to watch for include:
- Innovations in kitchen design and materials that could potentially boost demand.
- Economic factors influencing consumer spending power and housing market trends.
- Sustainability trends impacting consumer preferences towards eco-friendly kitchen products.
