The turnover in prepared animal feeds in Finland has shown significant variability from 2013 to 2023. Beginning at €261.5 million in 2013, there was a notable peak at €298.9 million in 2014, followed by a consistent decline reaching €223.3 million in 2016. A gradual recovery ensued from 2017 to 2019, but values plateaued around €253.1 million by 2023.
Year-on-year variations reveal substantial fluctuations, such as the sharp increase of 14.3% in 2014 and subsequent declines of 13.25% and 13.88% in 2015 and 2016 respectively. The recent years, however, have witnessed minor declines and stability, with a slight year-on-year decrease of 0.079% in 2023.
Analyzing the data over the last five years indicates an average annual decline (CAGR) of -0.063%. Going forward, projections suggest a very mild decrease in turnover, with an estimated CAGR of -0.08% from 2024 to 2028, leading to a total decline of -0.4% over the five-year period.
Future trends to monitor include potential impacts of technological advancements in animal nutrition, regulatory changes, and shifts in consumer preferences towards sustainable and specialized feed options.
