Analysis of Horse Meat Slaughtering in Finland reveals a pronounced declining trend from 2013 to 2023. The volume decreased from 1.86 thousand heads in 2013 to 0.755 thousand heads in 2023. The annual year-on-year percentage change demonstrates significant fluctuations, including sharp declines in 2016 (-28.19%), 2019 (-17.92%), and a nominal increase in 2017 (14.95%). Over the past five years (2018-2023), the Compound Annual Growth Rate (CAGR) averages at -6.56%, highlighting a continuous downturn.
The forecast data from 2024 to 2028 indicate a continued negative trend with an average CAGR of -5.53%. By 2028, the volume is predicted to drop to 0.53285 thousand heads, translating to a 24.76% decline from 2023 levels.
Future trends to watch for include environmental and ethical attitudes towards meat consumption, regulatory changes, and potential shifts in the agricultural landscape which may further impact this industry segment.
