The frozen vegetables market in Finland has seen varying trends over the last decade, with fluctuations in annual volumes. Starting in 2012, the market volume has achieved moderate growth but experienced periodic declines, particularly notable in 2014 and 2016, where significant drops were observed. Growth rates recovered during certain years, particularly in 2018 with the highest year-on-year increase of 7.65%. However, the market has shown a mixed performance in subsequent years, with slight growth in 2022 by 1.39%, placing the market volume at 50.458 Million Kilograms by the end of that year.
The Compound Annual Growth Rate (CAGR) over the last five years until 2022 stood at 0.32%, indicating moderate but stable growth in the longer term. Recent variations show slight recovery with fluctuations indicating periodic market instability.
- From 2012 to 2022, overall market experienced growth but with noticeable periodic declines. - Highest year-on-year growth observed in 2018 at 7.65%. - Current market volume in 2024 stands based on 2022 values at 50.458 Million Kilograms.- Last five years CAGR of 0.32% reflecting moderate growth and stabilization.
Future trends to watch for include potential impacts of changing consumer preferences towards fresh produce, innovations in frozen vegetable preservation and packaging technologies, and the influence of economic factors such as inflation and disposable incomes on market demand. Tracking these trends will be crucial for understanding future market dynamics.
How does Finland rank in Frozen Vegetables Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 745,800,000 | 2023 | +0.43% | -0.23% | View data |
| 2 | 2 Belgium | 707,270,000 | 2023 | +1.85% | +1.16% | View data |
| 3 | 3 Germany | 706,520,000 | 2023 | +0.28% | +0.11% | View data |
| 4 | 4 Spain | 666,590,000 | 2023 | +2.66% | +1.98% | View data |
| 5 | 5 United Kingdom | 579,530,000 | 2023 | +0.97% | +0.91% | View data |
| 9 | 9 Romania | 61,079,000 | 2023 | +7.5% | +2.91% | View data |
| 10 | 10 Portugal | 59,268,000 | 2023 | +0.9% | +0.35% | View data |
| 11 | 11 Finland | 51,807,000 | 2023 | +0.42% | -0.62% | |
| 12 | 12 Denmark | 38,906,000 | 2023 | -2.24% | -2.28% | View data |
| 13 | 13 Czech Republic | 35,827,000 | 2023 | -3.43% | -1.93% | View data |
