The production of horse meat in Finland has been on a declining trend from 2013 to 2023. Starting at 521 metric tons in 2013, production reduced sharply to 233 metric tons by 2023, marking a significant decrease. The year-on-year percentage changes highlight a fluctuating decline with occasional minor increases. In the past two years leading up to 2023, the year-on-year variation was -4.33% in 2022 and -4.12% in 2023. The five-year compound annual growth rate (CAGR) ending in 2023 stands at -5.55%, indicating a steady drop in production.
Looking forward, the forecasted data from 2024 to 2028 suggest the downward trend will continue. The forecasted five-year CAGR is expected to be -4.2%, with a total projected growth rate of -19.29% over the next five years. This indicates a continued decrease in horse meat production, with an expected output of 178.81 metric tons by 2028.
Future trends to watch for:
- The impact of consumer preferences and dietary trends on horse meat demand.
- Potential regulatory changes affecting horse meat production and sales.
- Environmental and animal welfare considerations that may influence production practices.
