Finland: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Finland

The Finnish casein and caseinates market shrank to $X in 2022, remaining stable against the previous year. In general, consumption recorded a pronounced contraction. Casein and caseinates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Casein And Caseinates Production in Finland

In value terms, casein and caseinates production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 64% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Finland

In 2022, approx. X kg of casein and caseinates were exported from Finland; which is down by -87.3% compared with the year before. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 9,557%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, casein and caseinates exports skyrocketed to $X in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 12,782% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for casein and caseinates exports from Finland, accounting for a 83% share of total exports. Moreover, casein and caseinates exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X kg), sixfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for casein and caseinates exports from Finland, comprising 68% of total exports. The second position in the ranking was held by Poland ($X), with a 31% share of total exports.

From 2013 to 2022, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, picking up by 2,289% against the previous year. In general, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+453.6%).

Casein And Caseinates Imports

Imports into Finland

In 2022, approx. X tons of casein and caseinates were imported into Finland; with an increase of 10% on the previous year's figure. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 227%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, casein and caseinates imports soared to $X in 2022. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 252%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest casein and caseinates supplier to Finland, with a 55% share of total imports. Moreover, casein and caseinates imports from Poland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+29.4% per year) and Denmark (+58.9% per year).

In value terms, Poland ($X) constituted the largest supplier of casein and caseinates to Finland, comprising 62% of total imports. The second position in the ranking was held by Denmark ($X), with a 20% share of total imports. It was followed by Sweden, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +82.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+48.6% per year) and Sweden (+19.9% per year).

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, surging by 39% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+53.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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