From 2013 to 2023, wheat production in Finland has shown significant volatility, with values ranging from a high of 1088.2 thousand metric tons in 2014 to a low of 501.6 thousand metric tons in 2018. The production has seen both sharp declines and notable recoveries, indicating fluctuations influenced likely by factors such as weather conditions, farming practices, and economic conditions. The most recent available data for 2023 places wheat production at 823.26 thousand metric tons, reflecting a slight year-on-year increase of 0.29% from 2022. Over the last two years (2022-2023), the average year-on-year variation is 0.3%. The compound annual growth rate (CAGR) over the last five years from 2018 to 2023 is 10.42%, suggesting recent recovery and stabilization. Forecasts from 2024 to 2028 predict a modest growth trajectory, with a five-year CAGR of 0.24% and an overall forecasted growth rate of 1.18% by 2028.
Future trends to watch for in Finland's wheat production include the impact of climate change and advancements in agricultural technology that could further stabilize or enhance production levels. Additionally, economic policies and global market demands will be crucial factors influencing future trends.
