The production value of sports goods in Finland has shown fluctuations over the last decade. From a notable dip in 2014 and 2015, there was a moderate recovery between 2016 and 2017. The market then experienced a significant surge in 2018 and continued to grow until 2019. However, 2020 saw a substantial decline due to global circumstances, followed by a recovery trend in 2021 and 2022. In 2023, the production value stood at 183.1 million euros, reflecting a year-on-year increase of 5.84% and an average CAGR of 2.91% over the last five years.
Looking forward, the forecast from 2024 to 2028 indicates continuous growth, albeit at a slower pace with a 5-year CAGR of 1.44% and an overall projected growth of 7.4% by the end of 2028.
Future trends to watch for:
- Technological advancements in sports goods manufacturing.
- Increasing health awareness driving demand for sports equipment.
- Potential impacts of economic fluctuations and supply chain challenges.
- Growth in niche markets and sustainable products.
