The food-grade salt market in Finland has shown substantial variability over the past decade. From 2012 to 2022, the market expanded overall with the highest growth observed in 2016 at 12.2%, followed by notable declines in 2017, 2020, and 2021. The Compound Annual Growth Rate (CAGR) illustrates a longer-term perspective, peaking at 5.74% in 2016-2017 and then fluctuating to a negative -1.44% in 2020-2021, reflecting significant challenges likely due to external factors. Despite a recovery in 2022 with a 3.37% growth rate, the average variation per year (CAGR from 2018-2022) remained modest at 0.73%.
As of 2023, the food-grade salt market stood at around 6.8615 Million Euros. Future trends to watch for in this market include the potential impact of sustainability initiatives, changes in consumer preferences towards lower sodium diets, and economic factors influencing food production costs. The forecast for 2024 and beyond will be crucial to observe the market's stabilization and response to evolving regulatory and consumer landscapes.
How does Finland rank in Food-Grade Salt Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 39,491,000 | 2023 | -0.92% | -0.049% | View data |
| 2 | 2 Poland | 28,231,000 | 2023 | -1.13% | -1.29% | View data |
| 3 | 3 Hungary | 14,596,000 | 2023 | +4.22% | +3.68% | View data |
| 4 | 4 Sweden | 12,631,000 | 2023 | +1.13% | +1.89% | View data |
| 5 | 5 Croatia | 12,542,000 | 2023 | +2.15% | +2.02% | View data |
| 6 | 6 Bulgaria | 11,221,000 | 2023 | +2.8% | +5.1% | View data |
| 7 | 7 Finland | 7,836,700 | 2023 | +2.22% | +1.55% | |
| 8 | 8 Czech Republic | 4,801,200 | 2023 | -5.09% | -2.55% | View data |
| 9 | 9 Estonia | 2,983,900 | 2023 | +0.5% | +3.91% | View data |
