Finland: Preserved Turkey Market 2024

Preserved Turkey Market Size in Finland

The Finnish preserved turkey market totaled $X in 2021, surging by 3% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Turkey Production in Finland

In value terms, preserved turkey production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 17%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Preserved Turkey Exports

Exports from Finland

In 2021, after three years of decline, there was significant growth in shipments abroad of prepared or preserved meat or offal of turkeys, when their volume increased by 77% to X tons. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 306%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved turkey exports soared to $X in 2021. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 295%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X kg) was the main destination for preserved turkey exports from Finland, accounting for a 66% share of total exports. Moreover, preserved turkey exports to Sweden exceeded the volume sent to the second major destination, Estonia (X kg), threefold. The third position in this ranking was taken by Spain (X kg), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+9.1% per year) and Spain (0.0% per year).

In value terms, Sweden ($X), Estonia ($X) and Spain ($X) were the largest markets for preserved turkey exported from Finland worldwide, together comprising 99% of total exports.

Among the main countries of destination, Estonia, with a CAGR of +16.7%, saw the highest rates of growth with regard to 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

The average preserved turkey export price stood at $X per ton in 2021, growing by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Estonia (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Turkey Imports

Imports into Finland

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys decreased by -34.4% to X tons, falling for the third year in a row after two years of growth. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by 58% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved turkey imports contracted dramatically to $X in 2021. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 52% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Ireland (X tons) and France (X tons) were the main suppliers of preserved turkey imports to Finland, together comprising 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +135.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Ireland ($X) and Sweden ($X) were the largest preserved turkey suppliers to Finland, together accounting for 91% of total imports.

Ireland, with a CAGR of +116.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, reducing by -2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Ireland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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