Finland: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Finland

The Finnish market for condensed or evaporated milk (unsweetened) surged to $X in 2021, rising by 27% against the previous year. Overall, consumption, however, continues to indicate a precipitous slump. Unsweetened condensed and evaporated milk consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Finland

In value terms, unsweetened condensed and evaporated milk production surged to $X in 2021 estimated in export price. Overall, production, however, showed a sharp decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Finland

In 2019, the amount of condensed or evaporated milk (unsweetened) exported from Finland skyrocketed to X tons, increasing by 149% compared with the year before. Over the period under review, exports saw a moderate increase. The growth pace was the most rapid in 2014 with an increase of 217%. The exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2019. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 308% against the previous year. The exports peaked in 2019 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Finland, accounting for a 98% share of total exports. It was followed by the Netherlands (X tons), with a 1.6% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Sweden totaled +164.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+60.4% per year) and Estonia (-5.3% per year).

In value terms, Sweden ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Finland, comprising 97% of total exports. The second position in the ranking was taken by Estonia ($X), with a 1.6% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Sweden stood at +140.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+12.1% per year) and the Netherlands (+44.8% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2019, waning by -11.7% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 61% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices remained at a lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+18.4%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Finland

In 2021, the amount of condensed or evaporated milk (unsweetened) imported into Finland surged to X tons, with an increase of 21% compared with 2020. Over the period under review, imports posted a moderate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 381%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, unsweetened condensed and evaporated milk imports declined to $X in 2021. In general, imports showed a moderate increase. The pace of growth was the most pronounced in 2014 when imports increased by 365% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, Sweden (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Finland, with a 68% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-9.9% per year) and Germany (-3.7% per year).

In value terms, the largest unsweetened condensed and evaporated milk suppliers to Finland were Sweden ($X), the Netherlands ($X) and Germany ($X), together comprising 99% of total imports.

Sweden, with a CAGR of +31.4%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, which is down by -22.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 32% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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