Report Update Nov 1, 2024

Finland - Evaporated and Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Finland

In 2022, the Finnish evaporated and condensed milk market decreased by -21.7% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, showed a buoyant increase. Evaporated and condensed milk consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Exports of Evaporated And Condensed Milk

Exports from Finland

In 2022, the amount of evaporated and condensed milk exported from Finland soared to X tons, increasing by 160% against 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 2,450% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, evaporated and condensed milk exports soared to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 46,100%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Estonia (X kg), Russia (X kg) and the UK (X kg) were the main destinations of evaporated and condensed milk exports from Finland, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +1,914.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Russia ($X) and the UK ($X) appeared to be the largest markets for evaporated and condensed milk exported from Finland worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +2,340.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, increasing by 72% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2017 an increase of 3,297% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+30.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Evaporated And Condensed Milk

Imports into Finland

After two years of growth, supplies from abroad of evaporated and condensed milk decreased by -33.9% to X tons in 2022. Over the period under review, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 52%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, evaporated and condensed milk imports plummeted to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest evaporated and condensed milk supplier to Finland, accounting for a 52% share of total imports. Moreover, evaporated and condensed milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Lithuania (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and Lithuania (-0.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of evaporated and condensed milk to Finland, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.8% per year) and Belgium (+38.5% per year).

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price reached 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 France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for evaporated and condensed milk in the world?

The United States remains the largest evaporated and condensed milk consuming country worldwide, comprising approx. 19% of total volume. Moreover, evaporated and condensed milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Peru, twofold. The third position in this ranking was occupied by Malaysia, with a 4.8% share.

What are the largest producers of evaporated and condensed milk in the world?

The countries with the highest volumes of evaporated and condensed milk production in 2020 were the United States, Peru and Germany, with a combined 38% share of global production. Malaysia, the Netherlands, Saudi Arabia, Belarus, Mexico, Singapore, Russia, the UK, France and Belgium lagged somewhat behind, together accounting for a further 40%.

What are the leading suppliers of evaporated and condensed milk to Finland?

In value terms, Germany constituted the largest supplier of evaporated and condensed milk to Finland, comprising 47% of total imports. The second position in the ranking was occupied by the Netherlands, with a 21% share of total imports. It was followed by Lithuania, with an 11% share.

What are the leading importers of evaporated and condensed milk from Finland?

In value terms, Estonia $747) remains the key foreign market for evaporated and condensed milk exports from Finland, comprising 98% of total exports. The second position in the ranking was occupied by Singapore $8), with a 1.1% share of total exports.

What is the average export price for evaporated and condensed milk in Finland?

In 2020, the average evaporated and condensed milk export price amounted to $4,204 per ton, surging by 117% against the previous year.

What is the average import price for evaporated and condensed milk in Finland?

In 2020, the average evaporated and condensed milk import price amounted to $2,734 per ton, with an increase of 13% against the previous year.

This report provides an in-depth analysis of the market for evaporated and condensed milk in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023