The forecast for oilseeds domestic extraction in Finland shows a decreasing trend from 2024 to 2028. The values in thousand metric tons decline from 58.26 in 2024 to 51.13 in 2028. When compared to the 2023 value, which stood at 60.13 thousand metric tons, it is clear that the sector is experiencing a consistent downward trend.
The year-on-year percentage variations indicate a gradual but steady decrease. From 2024 to 2025, the extraction decreases by approximately 3.1%. Similarly, it further declines by 3.17% between 2025 and 2026, 3.23% from 2026 to 2027, and 3.35% from 2027 to 2028. Over the last two years, the trend follows a continued reduction in domestic extraction volumes.
The Compound Annual Growth Rate (CAGR) over the next five years is approximately -3.2%, indicating an average annual decline in oilseeds domestic extraction over this period.
Future trends to watch out for include changes in global oilseed market prices, policy changes affecting agriculture, climate impacts on crop yields, and shifts towards more sustainable crop production practices. These factors could influence both the supply and demand dynamics, potentially impacting the forecasted downward trend.
