Forecast: Export of Milk Powder from Finland

From 2013 to 2023, the export of milk powder from Finland showed a rising trend, starting at 20.112 million kilograms in 2013 and reaching 55.908 million kilograms in 2023. The year-on-year growth varied significantly, with notable spikes like 65.27% in 2015 and declines such as -0.81% in 2018. The most recent years saw a more stable increase, with a 3.9% rise in 2023. The last five years' CAGR stands at a moderate 4.89%, suggesting a steady growth trajectory.

Looking ahead, forecasts from 2024 indicate continued growth, albeit at a slower pace, with a projected 5-year CAGR of 2.57% culminating in 65.795 million kilograms by 2028. This trend implies a tempered increase in demand or production capabilities.

Future trends to watch for:

  • Market dynamics in export destinations
  • Global dairy market fluctuations
  • Regulatory changes in dairy trade policies
  • Advancements in dairy production technologies
  • Impact of climate change on dairy farming

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