The historical trend in whole milk production in Finland reveals a steady decline since 2013, where production stood at 76.41 thousand metric tons. By 2023, production had decreased significantly to 55.59 thousand metric tons, representing an 8.63% year-on-year decline. This drop is part of a larger trend over the past decade marked by periodic fluctuations, including a slight recovery in 2017 and 2020. The compound annual growth rate (CAGR) over the last five years has been a negative -3.98%, indicating an average annual decline.
Looking ahead, the forecast points towards a continued decrease in whole milk production. The production is expected to drop to 36.32 thousand metric tons by 2028, with a forecasted 5-year CAGR of -6.51%. This forecast suggests a substantial overall 28.59% reduction in production from 2023 to 2028.
Bearing in mind the long-term downward trend and recent data, some future trends to watch for include potential shifts in consumer preferences towards non-dairy alternatives, changes in dairy farming practices, and impacts of national agricultural policies and environmental regulations on milk production.
