The wine production in Finland exhibited significant fluctuations over the past decade. After years of zero production, substantial activity was observed starting in 2018, peaking in 2020 with a noticeable dip in subsequent years. From 2024 onward, the forecasted data suggests a slight downward trend, with production anticipated to stabilize but gradually decrease by 2028. In 2023, the volume stood at approximately 11.26 million liters, marking a negligible decline from the previous year.
Analyzing the variations:
- 2019 showed a 12.65% decrease from the previous year.
- 2020 saw a significant 32.95% increase.
- In 2021, a sharp 27.7% decline occurred.
- 2022 experienced a moderate 6.38% increase.
- 2023 witnessed a minor 0.89% decrease.
Looking ahead: The forecast five-year CAGR from 2023 to 2028 is expected to be around -0.71%, resulting in an overall reduction of 3.5% by the end of the forecast period. Trends to watch include market conditions, climate impacts, and technological advancements in production which could influence future wine production levels in Finland.
