Finland: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Finland

The Finnish meat meals and pellets market shrank to $X in 2021, declining by -5% against the previous year. Overall, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Finland

In value terms, meat meals and pellets production surged to $X in 2021 estimated in export price. In general, production, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 27%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Finland

In 2021, overseas shipments of flours, meals and pellets of meat or meat offal increased by 37% to X tons, rising for the seventh year in a row after two years of decline. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 628%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, meat meals and pellets exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 240% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for meat meals and pellets exports from Finland, with a 44% share of total exports. Moreover, meat meals and pellets exports to Sweden exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +259.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+12,045.2% per year) and Lithuania (+73.1% per year).

In value terms, Sweden ($X), Thailand ($X) and Russia ($X) were the largest markets for meat meals and pellets exported from Finland worldwide, with a combined 82% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +13,837.8%, recorded 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

In 2021, the average meat meals and pellets export price amounted to $X per ton, picking up by 6.4% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 89% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Lithuania ($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 Belgium (+113.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Finland

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported into Finland; which is down by -23.7% against the previous year. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, meat meals and pellets imports dropped markedly to $X in 2021. In general, imports saw a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 86%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Norway (X tons) and France (X tons) were the main suppliers of meat meals and pellets imports to Finland, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +43.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Finland, comprising 71% of total imports. The second position in the ranking was held by Norway ($X), with a 15% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+0.9% per year) and France (+48.3% per year).

Import Prices by Country

The average meat meals and pellets import price stood at $X per ton in 2021, rising by 2.5% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets import price decreased by -3.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 57%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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