Finland: Animal Fats Market 2025

Animal Fats Market Size in Finland

In 2021, the Finnish animal fats market decreased by -94.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a deep reduction. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Animal Fats Production in Finland

In value terms, animal fats production declined significantly to $X in 2021 estimated in export price. In general, production continues to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 136%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Animal Fats Exports

Exports from Finland

In 2021, shipments abroad of animal fats and oils decreased by -66.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 13,111%. As a result, the exports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, animal fats exports fell rapidly to $X in 2021. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 14,184% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Russia (X tons) was the main destination for animal fats exports from Finland, accounting for a 84% share of total exports. Moreover, animal fats exports to Russia exceeded the volume sent to the second major destination, Sweden (X kg), tenfold. Lithuania (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +216.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.2% per year) and Lithuania (-97.7% per year).

In value terms, Russia ($X) remains the key foreign market for animal fats and oils exports from Finland, comprising 85% of total exports. The second position in the ranking was held by Lithuania ($X), with a 5.9% share of total exports. It was followed by Sweden, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +160.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-88.8% per year) and Sweden (+0.4% per year).

Export Prices by Country

In 2021, the average animal fats export price amounted to $X per ton, with an increase of 33% against the previous year. Over the period under review, the export price enjoyed a mild expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+386.0%), while the prices for the other major destinations experienced mixed trend patterns.

Animal Fats Imports

Imports into Finland

In 2021, overseas purchases of animal fats and oils decreased by -19.1% to X tons, falling for the third year in a row after seven years of growth. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 1,616% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, animal fats imports expanded significantly to $X in 2021. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 1,106% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) was the main animal fats supplier to Finland, with a 94% share of total imports. Moreover, animal fats imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark stood at +157.1%.

In value terms, Denmark ($X) constituted the largest supplier of animal fats and oils to Finland, comprising 95% of total imports. The second position in the ranking was held by Germany ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Denmark amounted to +362.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+72.4% per year) and Norway (-92.1% per year).

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, rising by 31% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 69%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+79.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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