Finland: Cheese And Curd Market 2024

Cheese And Curd Market Size in Finland

In 2022, the Finnish cheese and curd market decreased by -4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cheese And Curd Production in Finland

In value terms, cheese and curd production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of 8.7% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Cheese And Curd Exports

Exports from Finland

In 2022, shipments abroad of cheese and curd decreased by -29.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports declined to $X in 2022. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 9.3% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Belgium (X tons) and Denmark (X tons) were the main destinations of cheese and curd exports from Finland, with a combined 53% share of total exports. Sweden, Italy, Estonia, the Netherlands, France, Cyprus and Russia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +62.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Sweden ($X) appeared to be the largest markets for cheese and curd exported from Finland worldwide, with a combined 62% share of total exports. Cyprus, Estonia, Denmark, Italy, France, the Netherlands and Russia lagged somewhat behind, together comprising a further 24%.

The Netherlands, with a CAGR of +63.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, increasing by 30% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd export price increased by +71.9% against 2015 indices. As a result, the export price attained 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 Russia ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Finland

Cheese and curd imports into Finland contracted markedly to X tons in 2022, falling by -21.2% compared with 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cheese and curd imports rose to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Denmark (X tons) and Sweden (X tons) were the main suppliers of cheese and curd imports to Finland, together accounting for 68% of total imports. The Netherlands, Estonia, Italy and France lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Finland were Denmark ($X), Germany ($X) and the Netherlands ($X), together comprising 63% of total imports. Sweden, Estonia, Italy and France lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Italy, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, jumping by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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