From 2013 to 2023, the rapeseed oil production in Finland exhibited a consistent decline with 2023 production standing at approximately 44.99 Thousand Metric Tons. Observing the year-on-year variations, the production decreased annually by an average of 4.35% in the last five years. Notably, there were few temporary recoveries, such as in 2016 and 2021, but the overall trend reflects a steady reduction in production volume.
Looking forward from 2024 to 2028, the decline is expected to continue with a forecasted average annual reduction (CAGR) of 4.49%, projecting a significant decrease of 20.53% over the next five years. This extended period of decline highlights the ongoing challenges faced by the industry.
Future trends to watch for include climate impact on agriculture, changes in domestic and international rapeseed oil demand, advancements in agricultural technology, and potential policy shifts aimed at supporting or diversifying Finland's agricultural production capabilities.
