The raw wool production in Finland, expressed in Thousand Euros, has experienced significant fluctuations over the past decade. From 2013 to 2019, production remained stable at 110.0 thousand euros. However, in 2020, there was a notable decrease of 18.18%, bringing production down to 90.0 thousand euros, which remained consistent in 2021. A rebound occurred in 2022, with a 22.22% increase, returning production to 110.0 thousand euros. Yet, in 2023, it declined again by 18.18%, settling at 90.0 thousand euros.
Forecasted data from 2024 suggests a downward trend with production expected to fall steadily, reaching 70.0 thousand euros by 2028. Year-on-year variations show stability followed by significant drops and partial recoveries, indicating instability in the market. Over the last two years, raw wool production has seen a declining trend, with the average yearly variation (CAGR) over the past five years also reflecting a negative growth rate of -3.93%.
Future trends to watch for include the potential impacts of climate change, shifts in demand for wool, changes in farming practices, and potential policy changes affecting agricultural subsidies and export regulations.
