The sold production of prepared mustard in Finland showed an upward trend from 2013 to 2023, steadily increasing from approximately 5.7 million euros to 8.7 million euros. Notable growth periods were seen between 2013 and 2015, with a peak year-on-year variation of 26.37% in 2014. From 2016 to 2023, the growth rate stabilized, maintaining a moderate increase. In 2023, the value stood at 8.69 million euros. The compound annual growth rate (CAGR) over the last five years up to 2023 was 0.79%, reflecting consistent but modest gains.
Recent year-on-year variations were:
- 2021: -0.5%
- 2022: 1.15%
- 2023: 0.95%
The forecast indicates continued growth in the sector, with the value expected to reach approximately 9.08 million euros by 2028. The five-year forecast CAGR is projected at 0.71%, with an overall 3.6% growth rate over this period.
Future trends to watch for include potential market saturation, shifts in consumer preferences towards organic or gourmet mustard, and potential economic factors influencing the purchasing power and demand for prepared mustard products.
