Report Update Nov 1, 2024

Finland - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Rennet Market 2024

Rennet Market Size in Finland

The Finnish rennet market skyrocketed to $X in 2021, increasing by 41% against the previous year. In general, consumption recorded strong growth. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Rennet Production in Finland

In value terms, rennet production soared to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.5% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 77%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Rennet Exports

Exports from Finland

For the sixth consecutive year, Finland recorded decline in shipments abroad of rennet and concentrates thereof, which decreased by -42.4% to X kg in 2021. In general, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2015 with an increase of 4.3%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, rennet exports contracted notably to $X in 2021. Over the period under review, exports showed a precipitous curtailment. The growth pace was the most rapid in 2018 when exports increased by 0.7% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for rennet exports from Finland, with a 92% share of total exports. Moreover, rennet exports to China exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China stood at +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (0.0% per year) and Indonesia (-25.4% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-1.1% per year) and Indonesia (-38.5% per year).

Export Prices by Country

In 2021, the average rennet export price amounted to $X per ton, declining by -63.9% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($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 the Philippines (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Rennet Imports

Imports into Finland

In 2021, after six years of decline, there was significant growth in supplies from abroad of rennet and concentrates thereof, when their volume increased by 26% to X tons. Overall, imports, however, saw a abrupt slump. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, rennet imports surged to $X in 2021. In general, imports, however, continue to indicate a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Denmark (X tons) and Italy (X kg) were the main suppliers of rennet imports to Finland, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of rennet and concentrates thereof to Finland, comprising 66% of total imports. The second position in the ranking was held by Denmark ($X), with a 26% share of total imports. It was followed by Italy, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-28.2% per year) and Italy (-6.8% per year).

Import Prices by Country

The average rennet import price stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Denmark ($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 (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, together comprising 40% of global consumption. These countries were followed by Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico, which together accounted for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, with a combined 40% share of global production. Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Finland?

In value terms, Denmark, Sweden and the United States were the largest rennet suppliers to Finland, together accounting for 88% of total imports.

What are the leading importers of rennet and concentrates thereof from Finland?

In value terms, the largest markets for rennet exported from Finland were Russia, Pakistan $698) and Australia $27), together accounting for 100% of total exports. The United States lagged somewhat behind, comprising a further 0%.

What is the average export price for rennet and concentrates thereof in Finland?

The average rennet export price stood at $161,529 per ton in 2020, with an increase of 2,229% against the previous year.

What is the average import price for rennet and concentrates thereof in Finland?

The average rennet import price stood at $10,728 per ton in 2020, picking up by 4.6% against the previous year.

This report provides an in-depth analysis of the rennet market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146450 - Rennet and concentrates thereof

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023