Finland: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Finland

For the third year in a row, the Finnish preserved belly cut market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Preserved belly cut consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Preserved Belly Cut Production in Finland

In value terms, preserved belly cut production rose notably to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Preserved belly cut production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Preserved Belly Cut Exports

Exports from Finland

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X kg for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2016 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, preserved belly cut exports shrank rapidly to $X in 2020. In general, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2019, and then dropped notably in the following year.

Exports by Country

Russia (X kg) was the main destination for preserved belly cut exports from Finland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Russia was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, picking up by X% against the previous year. In general, the export price saw strong growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to X% per year.

Preserved Belly Cut Imports

Imports into Finland

Preserved belly cut imports into Finland skyrocketed to X tons in 2020, picking up by X% compared with the year before. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved belly cut imports surged to $X in 2020. In general, imports, however, showed noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Denmark (X tons) was the main supplier of preserved belly cut to Finland, accounting for a X% share of total imports. Moreover, preserved belly cut imports from Denmark exceeded the figures recorded by the second-largest supplier, Estonia (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Denmark stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and Italy (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved belly cut to Finland, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-X% per year) and Estonia (+X% per year).

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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