Finland: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Finland

In 2021, the Finnish seafood meals and pellets market decreased by -1.6% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Seafood meals and pellets consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Finland

In value terms, seafood meals and pellets production rose remarkably to $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 159%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Finland

In 2021, after seven years of growth, there was significant decline in shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs, when their volume decreased by -46.8% to X tons. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, seafood meals and pellets exports dropped markedly to $X in 2021. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Germany (X tons), Denmark (X tons) and Turkey (X tons) were the main destinations of seafood meals and pellets exports from Finland, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +27.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for seafood meals and pellets exported from Finland were Denmark ($X), Germany ($X) and Turkey ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +20.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, reducing by -6.6% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Finland

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were imported into Finland; with a decrease of -75.1% compared with 2020. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2018 when imports increased by 127% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, seafood meals and pellets imports contracted markedly to $X in 2021. Over the period under review, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2018 with an increase of 187%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X tons) was the main seafood meals and pellets supplier to Finland, accounting for a 98% share of total imports. It was followed by Spain (X tons), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled -24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Norway (-69.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Finland, comprising 97% of total imports. The second position in the ranking was held by Spain ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at -22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Norway (-70.4% per year).

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 an increase of 28%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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