Finland: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Finland

The Finnish whole fresh milk market rose rapidly to $X in 2022, picking up by 8.4% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Whole Fresh Milk Production in Finland

In value terms, whole fresh milk production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 76%. Whole fresh milk production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Finland

After three years of growth, shipments abroad of whole fresh milk decreased by -33.2% to X tons in 2022. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 131% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, whole fresh milk exports plummeted to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 300%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for whole fresh milk exports from Finland, accounting for a 80% share of total exports. Moreover, whole fresh milk exports to Estonia exceeded the volume sent to the second major destination, Sweden (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Estonia stood at +90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+4.4% per year) and Lithuania (+64.6% per year).

In value terms, Estonia ($X) emerged as the key foreign market for whole fresh milk exports from Finland, comprising 77% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to +78.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+6.0% per year) and Lithuania (+59.1% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, with an increase of 9.1% against the previous year. In general, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 73% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia ($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 Russia (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Whole Fresh Milk Imports

Imports into Finland

For the fifth year in a row, Finland recorded decline in overseas purchases of whole fresh milk, which decreased by -4% to X tons in 2022. Over the period under review, imports faced a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 3.1% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, whole fresh milk imports shrank to $X in 2022. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by 13% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of whole fresh milk imports to Finland, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +156.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest whole fresh milk suppliers to Finland were the Czech Republic ($X), Germany ($X) and Sweden ($X), together comprising 94% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +166.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, with a decrease of -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Sweden ($X per ton), while the price for Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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