The solid refined white sugar market in Finland experienced substantial fluctuation over the years, starting at 137.14 million euros in 2013 and peaking at 150.38 million euros in 2017. However, it generally depicted a declining trend, reaching 125.45 million euros in 2023.
Year-on-year variation highlights significant changes: an initial negative trend from 2013 to 2015, interspersed with a notable rise in 2017, followed by more declines. The last two years show a slight rebound in 2022 at 3.41%, then a marginal dip in 2023 at -0.65%. The market's CAGR over the past five years stands at -2.09% and is forecasted to continue declining at an average annual rate of -0.51% through 2028.
Looking ahead, future trends to watch for include shifts in consumer preferences towards healthier alternatives, changes in regulatory standards affecting sugar consumption, and economic factors impacting disposable income and spending on non-essential commodities.
