The sold production of machinery for preparing animal feedstuffs in Finland has shown notable volatility from 2013 to 2023. In 2013, the value stood at 13.007 million euros, before experiencing a significant downturn to 3.9744 million euros in 2020. This marked a major contraction phase characterized by both steep declines and minor recoveries. The year-on-year variation highlights dramatic changes, with the most severe drop occurring in 2017 (-31.44%) and the largest increase occurring in 2022 (22.17%). By 2023, the value reached 5.178 million euros.
From 2024 onwards, a more stable upward trend is forecasted, with incremental annual increases projected through to 2028. Looking at the 5-year average growth rate (CAGR) from 2023, the forecasted growth showcases a more moderated and positive outlook at 1.6%, pointing to a gradual recovery with an overall 5-year growth rate of 8.26% by 2028.
Future trends to watch for will include advancements in technology to improve production efficiency, the impact of regulatory changes on production practices, and shifts in the agricultural sector, including possible increases in demand for enhanced animal feed machinery driven by heightened sustainability concerns and growth in the livestock industry.
