Finland: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Finland

The Finnish market for powdered, condensed or evaporated milk totaled $X in 2022, surging by X% against the previous year. Overall, consumption showed buoyant growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Finland

In value terms, powdered, condensed or evaporated milk production totaled $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Finland

In 2022, the amount of powdered, condensed or evaporated milk exported from Finland shrank to X tons, declining by X% compared with the previous year. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports soared to $X in 2022. In general, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for powdered, condensed or evaporated milk exports from Finland, with a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

In value terms, China ($X) remains the key foreign market for powdered, condensed or evaporated milk exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw moderate growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and Singapore ($X per ton), while the average price for exports to Italy ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Finland

After two years of decline, purchases abroad of powdered, condensed or evaporated milk increased by X% to X tons in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, powdered, condensed or evaporated milk imports amounted to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Estonia (X tons) and Germany (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Finland, with a combined X% share of total imports. Austria, Lithuania, Sweden, Belgium and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest powdered, condensed or evaporated milk suppliers to Finland, together comprising X% of total imports.

In terms of the main suppliers, Estonia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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