The Animal Feedstuffs Preparing Machinery Market in Finland showed a steady increase in value from 2012 to 2019 with an overall growth trend, peaking at 11.467 million Euros in 2019. This was followed by declines in 2020 and 2021, largely due to the market disruptions, but picked up again in 2022. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 indicates a moderate increase, reflecting an average annual growth of 1.48%. The fluctuation in the past five years can be linked to varied economic and environmental factors affecting demand.
Future trends to watch for include:
- Technological advancements in machinery that could boost efficiency.
- Impacts of global supply chain issues.
- Regulatory changes affecting feed production.
- Market recovery post global economic disruptions.
- Increasing demand for high-quality and efficiently produced animal feed.