Finland: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Finland

The Finnish preserved swine meat cut market declined dramatically to $X in 2021, waning by -30.5% against the previous year. In general, consumption recorded a abrupt curtailment. Preserved swine meat cut consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Finland

In value terms, preserved swine meat cut production declined sharply to $X in 2021 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. Preserved swine meat cut production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Finland

Preserved swine meat cut exports from Finland dropped rapidly to X kg in 2021, falling by -84.8% against 2020. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 37%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved swine meat cut exports dropped sharply to $X in 2021. In general, exports continue to indicate a dramatic contraction. The smallest decline of -13.6% was in 2015. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for preserved swine meat cut exports from Finland, with a 71% share of total exports. Moreover, preserved swine meat cut exports to Norway exceeded the volume sent to the second major destination, Spain (X kg), sixfold. The third position in this ranking was taken by Russia (X kg), with an 8.7% share.

From 2014 to 2021, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Russia (-54.1% per year).

In value terms, Norway ($X) emerged as the key foreign market for prepared or preserved shoulders and cuts of swine meat exports from Finland, comprising 81% of total exports. The second position in the ranking was held by Spain ($X), with a 9.9% share of total exports. It was followed by Russia, with a 4.8% share.

From 2014 to 2021, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Russia (-51.9% per year).

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, with an increase of 46% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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 Norway ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Finland

In 2021, approx. X tons of prepared or preserved shoulders and cuts of swine meat were imported into Finland; declining by -72.6% compared with the year before. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 419% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, preserved swine meat cut imports declined markedly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 249% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of preserved swine meat cut to Finland, with a 53% share of total imports. Moreover, preserved swine meat cut imports from Belgium exceeded the figures recorded by the second-largest supplier, Estonia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+12.1% per year) and Germany (-21.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of prepared or preserved shoulders and cuts of swine meat to Finland, comprising 51% of total imports. The second position in the ranking was held by Estonia ($X), with a 17% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+2.5% per year) and Germany (-15.9% per year).

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2021, growing by 35% against the previous year. In general, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2018 when the average import price increased by 57%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Italy ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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