From 2013 to 2023, the production volumes of food products in Finland exhibited overall growth, increasing from 9.96 Billion Euros to 10.46 Billion Euros. Despite occasional dips, such as the significant decline in 2020, the trend has largely been upward. The year-on-year variation has fluctuated, with notable growth in 2021 at 5.67%, counterbalancing the large drop in 2020 by -4.62%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.41%, indicating modest but steady growth.
Looking ahead, the forecasted CAGR from 2024 to 2028 is projected at 0.3%, with an overall growth rate of 1.5%. This suggests continued growth albeit at a slightly slower pace compared to the past decade.
Future trends to watch for:
- Technological advancements in food production
- Changes in consumer preferences and dietary trends
- Impact of environmental regulations and sustainability initiatives
- Global economic conditions and trade policies influencing export markets