The data indicates that the production of whole cow milk cheese in Finland has been on a general decline from 2013 to 2023, with sporadic minor increases. In 2023, production stood at approximately 79.9 thousand metric tons. Over the last two years, the year-on-year variation was -1.14% each year. The five-year compound annual growth rate (CAGR) preceding 2023 was -1.15%, highlighting a continual reduction in production levels.
Looking towards the future, forecasted data predicts a further decline in production, with a five-year CAGR anticipated at -0.98% and a forecasted total reduction of 4.8% by 2028. This suggests a steady downward trend for the foreseeable future.
Future trends to watch for include potential changes in consumer preferences towards plant-based alternatives, dairy market dynamics in the European region, and any technological or process innovations in cheese production that could either curb the decline or potentially reverse it.
