Finland: Ghee Market 2022

Ghee Market Size in Finland

The Finnish ghee market surged to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a prominent expansion. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Ghee Exports

Exports from Finland

In 2021, the amount of ghee exported from Finland declined markedly to X kg, waning by -X% on 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2020, and then declined sharply in the following year.

In value terms, ghee exports reduced remarkably to $X in 2021. In general, exports, however, showed a measured increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Japan (X kg) was the main destination for ghee exports from Finland, accounting for a X% share of total exports. Moreover, ghee exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +X%.

In value terms, Japan ($X) remains the key foreign market for ghee exports from Finland, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with less than X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +X%.

Export Prices by Country

The average ghee export price stood at $X per ton in 2021, growing by less than X% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ghee export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-X%).

Ghee Imports

Imports into Finland

In 2021, purchases abroad of ghee increased by X% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, ghee imports soared to $X in 2021. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of ghee imports to Finland, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Sweden ($X) constituted the largest ghee suppliers to Finland, together comprising X% of total imports.

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

Import Prices by Country

In 2021, the average ghee import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ghee import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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