Over the past decade, the prepared animal feeds production value in Finland has experienced a substantial decline from 623.1 million euros in 2013 to 328.4 million euros in 2023, representing a significant drop in both value and volume. The year-on-year variation fluctuated notably, peaking at a 13.37% increase in 2013, but subsequently transitioning to a consistent decline, with the most recent figure showing a 6.2% decrease in 2023. The compound annual growth rate (CAGR) over the last five years has averaged -6.21%, illustrating a persistent downward trend.
From 2024 onwards, with forecasts predicting a continued reduction in production value—from 311.1 million euros in 2024 to 270.1 million euros in 2028—the sector is expected to further contract at an average annual rate of -2.79%. The forecasted 5-year growth rate points to an additional overall decline of 13.18% over this period.
Future trends to watch for:
- Potential shifts in agricultural policies and subsidies that might affect feed production.
- Technological advancements in feed production that could improve efficiency and reduce costs.
- Changes in consumer demand for meat and dairy products as these directly impact the demand for animal feeds.
- Environmental regulations and sustainability practices influencing production processes and costs.
