Based on the provided data, Finland's wheat export volume in 2023 stood at 92 thousand metric tons, marking a -9.8% decrease year-over-year and a 5-year CAGR of -2.23%. The previous years exhibited significant fluctuations, with years like 2015 showing a substantial increase of 52.99%, whereas 2018 observed a drastic decline of -51.64%. A consistent downward trend is noted from 2016 onwards, exacerbated by continuous year-on-year decreases post-2019. For the upcoming years, a further decline to 39 thousand metric tons by 2028 is forecasted, with a forecasted CAGR of -13.6% and a forecasted 5-year growth rate of -51.85%.
Future trends to watch for include:
- Potential impacts of climate change on wheat production.
- Shifts in global wheat demand influencing export volumes.
- Changes in agricultural policies and international trade agreements.
- Technological advances in farming practices that may affect yield.
- Economic factors influencing both local and global markets.
