Finland: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Finland

In 2022, the Finnish meat-preparation industrial machinery market decreased by -35.6% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, recorded a buoyant increase. Meat-preparation industrial machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Production in Finland

In value terms, meat-preparation industrial machinery production dropped notably to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -19.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 60%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Finland

In 2022, meat-preparation industrial machinery exports from Finland surged to X units, increasing by 23% compared with the year before. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 117%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports rose to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 31%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for meat-preparation industrial machinery exports from Finland, accounting for a 41% share of total exports. Moreover, meat-preparation industrial machinery exports to Russia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Egypt (X units), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.4% per year) and Egypt (+548.1% per year).

In value terms, Russia ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Finland, comprising 41% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Egypt, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.8% per year) and Egypt (+1,038.6% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, with a decrease of -16.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 an increase of 71%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank sharply in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belarus ($X per unit) and the UK ($X per unit), while the average price for exports to Lithuania ($X per unit) and Estonia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+75.7%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Finland

In 2022, overseas purchases of industrial machinery for the preparation of meat or poultry decreased by 0% to less than X units, falling for the second year in a row after nine years of growth. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 55%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports surged to $X in 2022. Over the period under review, imports posted a slight expansion. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2020, the Netherlands (X units) constituted the largest meat-preparation industrial machinery supplier to Finland, with a 60% share of total imports. Moreover, meat-preparation industrial machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Denmark (X units), with a 6.8% share.

From 2019 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +133.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.3% per year) and Denmark (+51.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of industrial machinery for the preparation of meat or poultry to Finland, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Denmark, with a 6.8% share.

From 2019 to 2020, the average annual growth rate of value from the Netherlands stood at +108.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.5% per year) and Denmark (+33.8% per year).

Import Prices by Country

The average meat-preparation industrial machinery import price stood at $X per unit in 2020, falling by -13.5% against the previous year. Overall, the import price faced a abrupt descent. The import price peaked at $X per unit in 2019, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Germany ($X per unit), while the price for Belgium ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2019 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (-10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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