Over the period from 2013 to 2023, Finland's barley beer production displayed several fluctuations. Starting at 402.0 thousand metric tons in 2013, it experienced a slight decrease most years, with significant drops in 2018 and 2020, reaching 311.22 thousand metric tons in 2020. Nonetheless, there was a recovery phase, peaking at 368.09 thousand metric tons in 2022, followed by a minor decrease to 364.76 in 2023.
Key trends and variations include:
- A notable year-on-year decline of 17.78% in 2020, primarily due to the pandemic's impact.
- Moderate recovery post-2020, with a 13.4% increase in 2021 and a 4.3% rise in 2022.
- By 2023, a slight decline of 0.91% from the previous year.
The 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at -0.5%, indicating a gradual decrease in production over this period.
Looking ahead, the forecast from 2024 to 2028 suggests a continued decline in production, with a forecast 5-year CAGR of -0.76%, resulting in an overall decrease of -3.76% over the next five years.
Future trends to watch for include:
- Potential impacts of climate change on barley yields.
- Shifts in consumer preferences towards craft beers or alternative alcoholic beverages.
- Regulatory changes impacting the beer industry.
- Economic factors influencing production costs and market demand.
