Finland: Frozen Turkey Cut Market 2024

Frozen Turkey Cut Market Size in Finland

After three years of decline, the Finnish frozen turkey cut market increased by 221% to $X in 2022. Over the period under review, consumption, however, saw a deep slump. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Turkey Cut Production in Finland

In value terms, frozen turkey cut production fell to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.1% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 82%. Over the period under review, production attained the maximum level at $X in 2021, and then contracted in the following year.

Frozen Turkey Cut Exports

Exports from Finland

In 2022, approx. X tons of frozen cuts of turkey were exported from Finland; with an increase of 29% against 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +114.5% against 2018 indices. The growth pace was the most rapid in 2019 when exports increased by 51%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, frozen turkey cut exports soared to $X in 2022. In general, exports posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons), Benin (X tons) and Lithuania (X tons) were the main destinations of frozen turkey cut exports from Finland, with a combined 68% share of total exports. Congo, Latvia, Germany, Ukraine, Poland and Gabon lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +883.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for frozen cuts of turkey exports from Finland, comprising 39% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 14% share of total exports. It was followed by Benin, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Estonia totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+5.1% per year) and Benin (+17.7% per year).

Export Prices by Country

In 2022, the average frozen turkey cut export price amounted to $X per ton, rising by 4.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 47%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Benin ($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 Germany (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Turkey Cut Imports

Imports into Finland

In 2022, the amount of frozen cuts of turkey imported into Finland surged to X tons, picking up by 43% compared with the previous year. Overall, imports, however, recorded a pronounced decrease. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen turkey cut imports soared to $X in 2022. Over the period under review, imports, however, recorded a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest frozen turkey cut supplier to Finland, with a 65% share of total imports. Moreover, frozen turkey cut imports from Poland 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 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and Lithuania (-2.9% per year).

In value terms, Poland ($X) constituted the largest supplier of frozen cuts of turkey to Finland, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports. It was followed by Lithuania, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and Lithuania (+0.3% per year).

Import Prices by Country

In 2022, the average frozen turkey cut import price amounted to $X per ton, with an increase of 6.6% against the previous year. In general, the import price, however, showed a slight shrinkage. The growth pace was the most rapid in 2014 an increase of 13%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Lithuania ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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