The 2023 outlook reports for the food and mining sectors published

The Ministry of Economic Affairs and Employment publishes outlook reports on the current and future situation of specific sectors. On 9 June 2023, we published an outlook report for the food and mining sectors, in which we address the factors and trends shaping the development of these sectors.

The food sector: Competence, adaptation and renewal drive success

Rising food prices are dominating the news in the food sector following an increase in production costs that has affected the entire food system. The increase in food prices is expected to slow down and take a downward turn towards the end of the year. Consumers are increasingly priceconscious. Online food stores have been struggling with profitability despite volume growth. Even though the current outlook is uncertain, Finnish food companies are investing in product development.

Inquiries:
Leena Hyrylä, Sector Manager, Centre for Economic Development, Transport and the Environment (ELY Centre) of Southeast Finland, tel. +358 295 029 047, [email protected]
Petri Koskela, Senior Specialist, Ministry of Agriculture and Forestry, tel. +358 29 516 2382, [email protected]
Katri Lehtonen, Development Director, Ministry of Economic Affairs and Employment, tel. +358 29 506 4926, [email protected]

The mining sector: Green transition facilitates EU’s critical raw material supply

On 16 March 2023, the European Commission published a communication and a proposal for a Regulation regarding critical raw materials. With its proposal, the Commission seeks to strengthen the EU’s self-sufficiency, the Single Market and critical raw material partnerships. The review process on the proposed regulation is moving along swiftly. Investments in the green transition support domestic mining. Environmental impact assessment and permitting processes are currently under way for several mining projects in Northern Finland.

Inquiries:
Heino Vasara, Sector Manager, Centre for Economic Development, Transport and the Environment (ELY Centre) of Lapland, tel. +358 295 039 689, [email protected]
Teo Kangaspunta, Senior Specialist, Ministry of Economic Affairs and Employment, tel. +358 29 504 7325, [email protected]
Katri Lehtonen, Development Manager, Ministry of Economic Affairs and Employment, tel. +358 29 506 4926, [email protected]