The maize processing industry in Finland has experienced a continuous decline in volume over the past decade. Starting from 6.0 thousand metric tons in 2014, there has been a gradual reduction reaching 3.0 thousand metric tons by 2023. The industry showed a major year-on-year decline of 25% in 2022. The compound annual growth rate (CAGR) for this period stands at -5.59%. Forecasts from 2024 onwards predict further decline, with volumes expected to reduce to 2.0 thousand metric tons by 2028, leading to a forecasted 5-year CAGR of -7.79%.

Future trends to watch for:

Technological advancements in processing that could potentially drive efficiencies.
Shifts in consumer preferences towards alternative grains.
Impact of climate change on maize yield and quality.
Regulatory changes pertaining to agricultural and food processing sectors.