In 2023, the volume of solid refined white sugar in Finland stood at 195.68 million kilograms. Over the past two years, there was a year-on-year increase of 1.59% in 2022 and 1.3% in 2023. The compound annual growth rate (CAGR) for the period of 2019-2023 was 0.72%, indicating a moderate yet steady growth trend.
From 2013 to 2023, the market experienced fluctuations, notably marked by a significant jump in 2017 with a 28.5% increase. The overall growth trajectory from 2017 onward presented a more stable pattern, averaging around 1-2% yearly growth despite slight setbacks in 2020 and 2021.
Forecast data for 2024 to 2028 predict a continued but slow growth rate, with a forecasted 5-year CAGR of 0.96%, implying a growth of approximately 4.88% by 2028.
Future trends to watch for include:
- Changes in consumer preferences toward healthier alternatives and their impact on sugar consumption.
- Potential regulatory changes affecting sugar production and importation.
- Technological advancements in sugar production that could affect pricing and availability.
- Market dynamics influenced by global sugar supply and demand fluctuations.
