Report Update Feb 1, 2025

Finland - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Sunflower Oilcake Market 2025

Sunflower Oilcake Market Size in Finland

In 2021, the Finnish sunflower oilcake market was finally on the rise to reach $X after four years of decline. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.1% against 2016 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Sunflower Oilcake Production in Finland

In value terms, sunflower oilcake production expanded notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 -31.0% against 2016 indices. The growth pace was the most rapid in 2013 when the production volume increased by 126%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Sunflower Oilcake Exports

Exports from Finland

Sunflower oilcake exports from Finland amounted to X kg in 2021, leveling off at 2020. Over the period under review, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 5,631%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, sunflower oilcake exports stood at $X in 2021. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2013 with an increase of 10,338% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for sunflower oilcake exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Norway was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Norway was relatively modest.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price enjoyed a strong increase. The growth pace was the most rapid in 2013 an increase of 82%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +7.0% per year.

Sunflower Oilcake Imports

Imports into Finland

Sunflower oilcake imports into Finland dropped dramatically to X tons in 2021, which is down by -49.5% against the previous year. In general, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 when imports increased by 157%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sunflower oilcake imports declined sharply to $X in 2021. Overall, imports recorded a slight descent. The growth pace was the most rapid in 2016 when imports increased by 79%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) was the main supplier of sunflower oilcake to Finland, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +16.4%.

In value terms, Russia ($X) constituted the largest supplier of sunflower oilcake to Finland.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +14.8%.

Import Prices by Country

In 2021, the average sunflower oilcake import price amounted to $X per ton, growing by 46% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake import price increased by +81.6% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Lithuania amounted to +10.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

China remains the largest sunflower oilcake consuming country worldwide, comprising approx. 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

China remains the largest sunflower oilcake producing country worldwide, comprising approx. 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Ukraine, with a 6.5% share.

What are the leading suppliers of sunflower oilcake to Finland?

In value terms, Russia constituted the largest supplier of sunflower oilcake to Finland.

What is the average import price for sunflower oilcake in Finland?

In 2020, the average sunflower oilcake import price amounted to $247 per ton, surging by 4.4% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake 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 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

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
Find deeper insights into current market developments
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024