In 2023, the sold production of maize starch in Finland stood at 316.06 Thousand Euros. The data reveals significant fluctuations in production over the past decade, marked by steep declines and sharp increases. The notable increase from 114.07 Thousand Euros in 2014 to 565.74 Thousand Euros in 2020 reflects a considerable growth phase. However, the value stabilized somewhat in the subsequent years, culminating in a smaller year-on-year increase of 3.89% in 2023.
From 2021 to 2023, the production varied only slightly, recording changes of -43.61% in 2021, -4.64% in 2022, and a modest rise of 3.89% in 2023. Over the last five years leading to 2023, the compound annual growth rate (CAGR) was quite high at 68.77%, indicating substantial annual growth on average. For the upcoming five years from 2024 to 2028, the forecasted CAGR is 2.65%, suggesting a more moderate and stable growth trajectory with an overall growth rate of 13.96%.
Future trends to watch include potential market disruptions that could impact demand, advancements in starch processing technologies, and regulatory changes in the European Union that might affect production costs and market dynamics. Additionally, shifts in global maize production and trade policies could also influence the Finnish maize starch market.
