Based on the provided data, the bread market volume in Finland experienced a decreasing trend from 2013 to 2023. In 2023, the bread market stood at 166.05 million kilograms. Observing the year-on-year variations, there have been periods of both decline and recovery. Notably, 2018 saw a significant decline of 11.92%, while 2017 experienced a growth of 7.11%. Most recently, the market volume decreased by 1.3% from 2022 to 2023. The 5-year CAGR from 2018 to 2023 was close to zero, indicating relative stability in the recent period.
Looking ahead, the forecast indicates a continued decline in market volume, reaching 155.43 million kilograms by 2028. The forecasted 5-year CAGR from 2024 to 2028 is -1.05%, translating to an overall reduction of 5.16% over this period. Future trends to watch for include shifts in consumer preferences towards healthier bread alternatives and potential impacts of economic conditions on bread consumption. Additionally, emerging dietary trends and possible innovations in the bakery sector could influence market dynamics.
