The Finnish Dog and Cat Foods Market exhibited fluctuating volumes from 2012 through 2022. The market peaked in 2016 at 87.643 million kilograms following a steady rise from 2012's 83.676 million kilograms. However, the volume saw notable declines in 2015, 2017, and significantly in 2020, dropping to 77.609 million kilograms. The market partially recovered in 2021 to 80.789 million kilograms, only to experience a slight dip in 2022 to 80.342 million kilograms.
Year-on-year variations reveal a turbulent market with both positive and negative shifts. Notable was the 10.04% decrease in 2020. The Compound Annual Growth Rate (CAGR) for the last 5 years stands at -0.94%, indicating an average annual decline.
Future trends to watch for include potential market stabilization and gradual recovery. Factors influencing these trends include evolving consumer preferences, economic conditions, and potential innovations in pet food products. Monitoring these will be key to anticipating the market trajectory.
How does Finland rank in Dog and Cat Foods Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,493,700,000 | 2023 | -0.096% | +0.69% | View data |
| 2 | 2 France | 1,484,400,000 | 2023 | -0.17% | +3.17% | View data |
| 3 | 3 Germany | 1,317,800,000 | 2023 | +0.23% | +0.5% | View data |
| 4 | 4 Italy | 1,003,000,000 | 2023 | +0.23% | +0.64% | View data |
| 5 | 5 Spain | 1,002,100,000 | 2023 | +1.78% | +2.55% | View data |
| 12 | 12 Austria | 193,450,000 | 2023 | +1.16% | +1.99% | View data |
| 13 | 13 Greece | 190,320,000 | 2023 | +2.53% | +4.36% | View data |
| 14 | 14 Finland | 88,375,000 | 2023 | +2.87% | +1.11% | |
| 15 | 15 Denmark | 77,198,000 | 2023 | +4.76% | -0.33% | View data |
| 16 | 16 Croatia | 76,529,000 | 2023 | +5.23% | +6.05% | View data |
