PROSPECTS AND OPPORTUNITIES
Convenience retailers expected to continue underperforming over the forecast period
Over the forecast period, convenience retailers will likely see growth rates significantly lower than those of larger grocery retail formats. Even if inflation does not pose the same problem as it did in 2022-2023 and the economy and rates of employment improve, the trend favouring larger formats with wider assortments and lower prices will continue in the long term, with nothing on the horizon to reverse this trend.
Changes afoot in what and how convenience stores can sell amid taxation
Convenience stores has also been impacted by changes in the wider environment and legislation. In 2024, the general VAT level increased from 24% to 25.
Technological developments set to continue apace
In recent years, convenience retailers (and all retailing in general) have undergone significant technological facelifts, digitalisation, and automation, trends which are likely to continue across the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Finland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Finland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Finland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Finland?
- Which are the leading retailers in Convenience Retailers in Finland?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Finland - Category analysis
KEY DATA FINDINGS
Convenience retailers underperform again in 2024
K-market continues to have the largest outlet network in Finnish retailing
Forecourt retailers perform worse than convenience stores
Convenience retailers expected to continue underperforming over the forecast period
Changes afoot in what and how convenience stores can sell amid taxation
Technological developments set to continue apace
Retail in Finland - Industry Overview
Retail in 2024: The big picture
Domestic giants continue leading retail in Finland
Still room for growth in e-commerce
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Mother’s and Father’s Day
Back to school
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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