Key Market Indicators
**Finnish Dairy Products Production to Hit €2.26 Billion by 2028** The Finnish dairy industry is projected to see modest growth over the next five years. By 2028, Finnish dairy products production is forecasted to reach €2.26 billion, up from €2.25 billion in 2023. This represents an average annual growth rate of 0.1%. Historical data shows that Finnish dairy supply has been on a steady rise, increasing by 0.4% year on year since 2014. In 2023, Finland ranked 15th globally in dairy production, with Sweden surpassing it at €2.25 billion. Leading the rankings are Germany, Italy, and the Netherlands, occupying the second, third, and fourth positions, respectively. **Sales of Finnish Dairy Products Expected to Decline** In contrast to production, sales of Finnish dairy products are anticipated to decline. By 2028, sales are expected to fall to €2.18 billion, down from €2.24 billion in 2023. This decline translates to a compound annual growth rate (CAGR) of -0.5%. Since 2014, the Finnish dairy market has seen a yearly decrease of 0.4%. In 2023, Finland was ranked 14th in dairy product sales, with Greece overtaking it at €2.24 billion. Germany, Italy, and the Netherlands continue to dominate the sales rankings, holding the second, third, and fourth spots, respectively. **Dairy Products Consumption on the Decline** Dairy consumption in Finland is also on a downward trajectory. By 2028, the consumption of dairy products is expected to fall to 875 million kilograms, down from 944.83 million kilograms in 2023. This marks an average yearly decline of 1.2%. Over recent years, demand for dairy products in Finland has decreased at an average rate of 3.5% per year. In the global consumption rankings, Italy, the United Kingdom, and France hold the second, third, and fourth positions, respectively.
