The wheat feed volume in Finland experienced a clear downward trend from 2014 to 2023, starting at 390.0 thousand metric tons in 2014 and declining to 252.0 thousand metric tons in 2023. The year-on-year variations indicate significant fluctuations, with the most substantial drop occurring in 2018 (-28.95%). From 2020 to 2023, the year-on-year decrease stabilized around 3%, showing a consistent negative trend. The compound annual growth rate (CAGR) over the past five years is -2.97%, indicating a steady decline.
Future Trends to Watch for:
- Continued decrease in wheat feed volume with an expected CAGR of -2.97% from 2024 to 2028.
- Potential effects of climate change on crop yields and feed availability.
- Impact of technological advancements in agricultural practices and feed efficiency.
- Changes in demand driven by shifts in livestock farming and dietary trends.