The frozen bovine meat market volume in Finland experienced fluctuating growth from 2013 to 2023, culminating at 14.972 million kilograms in 2023. This period saw a significant range of year-on-year variations, including notable upward and downward shifts. Particularly, substantial growth was observed in 2014 (24.19%) and 2018 (8.46%), while notable declines occurred in 2017 (-10.62%) and 2019 (-5.72%). When assessing the compound annual growth rate (CAGR), the most recent five years leading up to 2023 show a relatively modest average increase of 0.54% per year.
Forecasted data indicates steady growth for the upcoming five years, with a projected CAGR of 2.57% from 2024 to 2028. The market is expected to reach 17.609 million kilograms by 2028, representing a total growth rate of 13.54% over this forecast period.
- 2019-2020: -0.8%
- 2020-2021: 1.77%
- 2021-2022: 4.03%
- 2022-2023: 3.77%
Future trends to watch include potential impacts of global supply chain disruptions, evolving consumer preferences towards frozen meats, and regulatory changes affecting meat production and importation in Finland.
