Finland: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Finland

The Finnish market for salted, dried or smoked meat, and offal declined to $X in 2022, falling by -6% against the previous year. In general, consumption, however, showed a deep slump. The growth pace was the most rapid in 2017 with an increase of 6.1%. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Finland

In value terms, production of salted, dried or smoked meat, and offal dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of 3.9%. Over the period under review, production of attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Finland

Exports of salted, dried or smoked meat, and offal from Finland declined to X tons in 2022, with a decrease of -3.1% on the year before. In general, exports faced a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 88% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Sweden (X tons), Estonia (X tons) and Canada (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Finland, together comprising 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +593.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Finland, comprising 58% of total exports. The second position in the ranking was held by Canada ($X), with a 22% share of total exports. It was followed by Estonia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+679.7% per year) and Estonia (+0.3% per year).

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, rising by 20% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 105%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Finland

In 2022, purchases abroad of salted, dried or smoked meat, and offal increased by 4.6% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of salted, dried or smoked meat, and offal expanded rapidly to $X in 2022. In general, imports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2014 when imports increased by 12%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest salted, dried or smoked meat, and offal supplier to Finland, with a 58% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Denmark (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and Denmark (-16.4% per year).

In value terms, Poland ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Finland, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Italy (+3.8% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform