Over the period from 2013 to 2023, the turnover of the event catering industry in Finland experienced fluctuations with some notable peaks and troughs. The highest turnover was recorded in 2014 at 122.1 million euros, followed by a significant decline, particularly in 2020 due to the COVID-19 pandemic, which caused a sharp drop to 90.6 million euros. Recovery was observed in the subsequent years, with 2023 recording a value of 121.8 million euros, nearing pre-pandemic levels. The year-on-year growth for 2023 stood at 5.27%, and the Compound Annual Growth Rate (CAGR) over the past five years was 1.09%.
Future trends indicate a stabilization of the turnover, with 2024 onwards showing minimal year-on-year variations and a steady Annual Average Increase. The projected CAGR for the next five years is a modest 0.05%, indicating that while recovery is ongoing, growth will likely be slow and steady. By 2028, the turnover is expected to reach 122.2 million euros.
Trends to watch for:
- Pandemic recovery impact on the event catering industry and long-term shifts in client behavior.
- Technological integration and innovation in services to enhance customer experience and operational efficiency.
- Potential impact of economic fluctuations and regulatory changes on the industry.
