Based on the forecasted data for Finland's oilseeds trade balance, the value stands at 125.5 Thousand Metric Tons in 2024, 124.1 in 2025, 122.81 in 2026, 121.63 in 2027, and 120.56 in 2028. Given that we are in 2024, this indicates a consistent year-on-year decline: -1.12% from 2024 to 2025, -1.04% from 2025 to 2026, -0.97% from 2026 to 2027, and -0.88% from 2027 to 2028. Overall, this suggests a Compound Annual Growth Rate (CAGR) of approximately -0.97% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Potential changes in global oilseed demand and supply dynamics.
- Technological advancements in agriculture that could impact production volumes.
- Government policies affecting import and export regulations.
- Environmental factors such as climate change that could influence crop yields.