Forecast: Production Value of Restaurants and Mobile Food Service Activities in Finland

The production value of restaurants and mobile food service activities in Finland has shown a general upward trend from 2013 to 2028. Specific growth spurts were noted between 2013-2017, with a notable surge between 2016 and 2017. The COVID-19 pandemic caused a significant dip in 2020, but there was a robust recovery in 2021 and continuous growth through 2023, where the value stood at 4.82 billion euros. Forecasts from 2024 onward predict steady growth, with a projected value of 5.4 billion euros by 2028.

Year-on-year variations indicate sharp rebounds post-COVID with significant increments particularly in 2021 (13.72%) and 2022 (8.71%). The latest year-on-year change in 2023 is 6.4%. The 5-year CAGR leading into 2023 is 2.68%, reflecting moderate growth. Looking forward, the 5-year forecast CAGR through 2028 is expected to be around 1.8%, indicating slower but steady growth.

Future trends to watch for:

• Potential impact of inflation and economic fluctuations on consumer spending in the foodservice sector.
• The increasing role of technology in enhancing service efficiency and customer experiences.
• Sustainability practices and their rising importance, potentially shaping future market dynamics.