The production value of Non-Electric Domestic Appliances in Finland stood at 20 Million Euros in 2023. Based on the provided forecast data, there is a consistent year-on-year decline from 2024 to 2028. Specifically, production values decline from 19.13 Million Euros in 2024 to 17.27 Million Euros in 2028. Here are the year-on-year variations:
• 2024 to 2025: -2.51%
• 2025 to 2026: -2.52%
• 2026 to 2027: -2.53%
• 2027 to 2028: -2.54%
Over the last five years, the compound annual growth rate (CAGR) indicates an average yearly decline of approximately -2.41% from 2023 to 2028.
Future trends to watch for include potential shifts in consumer preferences towards more sustainable and energy-efficient appliances, which may impact production values. Additionally, advancements in technology could lead to improvements in product offerings, thereby influencing market demand and production trends.
