The production of prepared animal feeds in Finland stood at 191.8 million Euros in 2023. Over the last decade, production has shown fluctuations with a notable peak in 2014 followed by significant declines in subsequent years. The last decade highlights a peak in 2014, followed by significant declines in subsequent years, reaching a low in 2016. Recovery phases were sporadic with growth in 2018 and 2020, but production remained under pressure from various market forces.
The year-on-year changes reveal a volatile trend, with annual declines as steep as -14.3% in 2016 and positive spikes up to 13.82% in 2018. The last two years presented minor growth; 0.37% in 2022 and 0.31% in 2023. The five-year CAGR until 2023 was 0.34%, indicating a relatively stagnant growth trajectory.
Looking forward, from 2024 to 2028, the forecast suggests a modest recovery with an overall average yearly growth rate of 0.1% and a cumulative five-year growth rate of 0.52%. The sector's stabilization and minor recovery will rely on sustained market conditions and potential innovations in feed preparation.
Future trends to watch for include the impacts of sustainable practices on production costs, technological advancements in feed efficiency, and potential regulatory changes that could affect production methodologies and market stability.