The beef meat slaughtering industry in Finland has experienced a variable trend from 2013 to 2023, starting at 271.3 thousand heads in 2013 and decreasing to 262.76 thousand heads by 2023. Throughout this period, the year-on-year variations have included both increases and decreases, with the highest annual growth observed in 2015 at 3.09%. Conversely, significant declines have occurred, notably in 2020 with a decrease of 5.69%.
Over the last two years (2021-2023), the sector saw moderate decline rates of -0.95% in 2022 and -0.94% in 2023, reflecting a stabilization around a slight downward trend. The five-year CAGR from 2018 to 2023 stands at -1.11%, implying an average annual decline over this period.
Forecasts from 2024 to 2028 suggest a continued decrease in beef meat slaughtering, with a forecasted five-year CAGR of -0.81%. This indicates that the industry is expected to shrink at a compounded annual rate slightly lower than the recent past. By 2028, the projected volume stands at 249.7 thousand heads, representing a total decline of 3.97% from the 2023 value.
Future trends to watch for include shifts in consumer preferences towards alternative proteins, potential regulatory changes impacting the meat industry, and advancements in agritech that could influence production efficiencies and sustainability in beef farming.
