The turnover for carpets and rugs in Finland has shown a consistent decline from 2013 to 2023, with the value dropping from €12.3 million in 2013 to €8.5 million in 2023. The most significant year-on-year declines occurred, with 2023 witnessing a 4.49% drop from the previous year. The cumulative annual growth rate (CAGR) for the last five years has settled at -4.31%, indicating a persistent downtrend. The forecast predicts that this decline will continue, with the turnover expected to fall to €6.5 million by 2028, representing a 19.75% decrease over the next five years.
Future trends to watch for include shifts in consumer preferences towards sustainable and eco-friendly materials, economic recovery post-pandemic, and changes in housing market trends which could influence consumer spending on home decor, including carpets and rugs.
