The wine market in Finland is witnessing gradual growth. The volume of wine consumption per capita increased from 12.61 kg in 2023, as recorded in actual data, followed by a forecast for 2024 set at 12.69 kg. Each subsequent year shows a slight annual increase: 2025 rises to 12.76 kg, 2026 to 12.84 kg, 2027 to 12.91 kg, and 2028 to 12.98 kg.
Year-on-year percentage variations indicate stable growth, with each year's increase in consumption remaining consistent and marginal. Specifically, the rise from 2024 to 2025 is approximately 0.55%, from 2025 to 2026 is about 0.63%, from 2026 to 2027 is around 0.54%, and from 2027 to 2028 is estimated at 0.54%. Over the last two years (2024-2025 and 2025-2026), the growth trend persists demonstrating a slight acceleration in the annual increase rate.
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028, considering all forecasted values, is around 0.59%, reflecting a steady climb in per capita wine consumption over a five-year horizon.
Future trends to watch for include potential influences from changing consumer preferences towards organic and sustainable wine options, the impact of health-conscious behaviors on alcohol consumption, and the effect of economic factors such as disposable income on luxury goods like wine. Additionally, demographic shifts and tourism patterns in Finland could significantly alter consumption patterns in the coming years.
