The import of animal feed to Finland has shown a variable growth trend from 2013 to 2023, with a value standing at 236.86 million US dollars in 2023. Between 2021 and 2022, the year-on-year variation was 2.45%, and from 2022 to 2023, it was 2.34%. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) averaged 2.26%. Looking forward, the forecast indicates a continuing upward trend, with an estimated increase to 262.36 million US dollars by 2028, driven by a forecasted 1.61% five-year CAGR and a total growth rate of 8.34% over the same period.
Future trends to watch for:
- Potential impact of global supply chain disruptions on import levels.
- Changes in domestic agricultural production and their effects on import needs.
- Possible shifts in animal feed ingredients due to evolving nutritional standards and sustainability concerns.