The forecast for the import of crude coconut (copra) oil to Finland shows a steady decline from 2024 to 2028. In 2023, the import value stood at $840.00 thousand USD, indicating a significant reduction over the forecasted years. Specifically, the import values are projected to be $760.73 thousand USD in 2024, $672.09 thousand USD in 2025, $585.23 thousand USD in 2026, $500.1 thousand USD in 2027, and $416.67 thousand USD in 2028.
The year-on-year variation percentages highlight a continuous downward trend. The variation from 2024 to 2025 is -11.68%, from 2025 to 2026 is -12.92%, from 2026 to 2027 is -14.54%, and from 2027 to 2028 is -16.69%. Over the past two years, Finland has seen a total decrease of -31.38% and a Compound Annual Growth Rate (CAGR) of approximately -16.21% over the five-year period from 2024 to 2028.
Future trends to watch for include global market fluctuations in the supply of crude coconut oil, changes in consumer preferences and potential shifts towards alternative oils or local production, as well as any economic or trade policy changes that could impact Finland's import needs or capabilities.