The household expenditure on home furnishings in Finland has demonstrated a mixed trend over the past decade. From 2013 to 2016, there was a consistent decline ranging from -0.56% to -1.36% year-on-year, followed by a slight upsurge from 2017 to 2018. A notable increase began in 2019 with a 3.06% growth, peaking in 2020 at 5.95%. This upward trend continued through 2021 with a 4.59% increase and a more moderate rise of 2.49% in 2022. In 2023, the value stood at 2.13 billion Euros, reflecting a 1.33% year-on-year growth. The compound annual growth rate (CAGR) over the last five years settled at 3.47%.
Looking ahead, the forecast from 2024 to 2028 suggests a steady rise with the CAGR projected to be 0.97% annually, and an overall growth rate of 4.96% over these five years. Key future trends to monitor include the impact of sustainability practices, the evolution of consumer preferences in interior design, and the influence of technological advancements in home furnishing products.
