Finland: Beef Market 2024

Beef Market Size in Finland

The Finnish beef market contracted slightly to $X in 2021, flattening at the previous year. In general, consumption, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Beef Production in Finland

In value terms, beef production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of beef (cattle meat) in Finland was estimated at X kg per head, approximately equating the previous year. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when the yield increased by 2.8%. The beef yield peaked in 2021 and is expected to retain growth in the near future.

The number of animals slaughtered for beef production in Finland contracted slightly to X heads in 2021, remaining relatively unchanged against 2020 figures. Overall, the number of producing animals saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the number of producing animals increased by 3.1% against the previous year. The number of animals slaughtered for beef production peaked at X heads in 2016; however, from 2017 to 2021, producing animals failed to regain momentum.

Beef Exports

Exports from Finland

In 2021, shipments abroad of beef (cattle meat) decreased by -21.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 101% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, beef exports shrank to $X in 2021. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X tons) and Sweden (X tons) were the main destinations of beef exports from Finland.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +49.5%).

In value terms, Denmark ($X) and Sweden ($X) constituted the largest markets for beef exported from Finland worldwide.

Denmark, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average beef export price stood at $X per ton in 2021, rising by 22% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-1.6%).

Beef Imports

Imports into Finland

Beef imports into Finland reduced slightly to X tons in 2021, shrinking by -1.8% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, beef imports rose notably to $X in 2021. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2018 when imports increased by 20%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest beef supplier to Finland, with a 36% share of total imports. Moreover, beef imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-4.2% per year) and Germany (-4.7% per year).

In value terms, the largest beef suppliers to Finland were Denmark ($X), the Netherlands ($X) and Poland ($X), with a combined 51% share of total imports. Italy, Germany, Sweden, Estonia, Lithuania and Brazil lagged somewhat behind, together comprising a further 44%.

Italy, with a CAGR of +69.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beef import price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 22%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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