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