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Finland - Ghee - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Ghee Market Overview 2021

Ghee Market Size in Finland

In 2020, the Finnish ghee market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed prominent growth. The growth pace was the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Ghee Exports

Exports from Finland

In 2020, after thirteen years of growth, there was significant decline in shipments abroad of ghee, when their volume decreased by -X% to X kg. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes, and then declined rapidly in the following year.

In value terms, ghee exports dropped notably to $X in 2020. Over the period under review, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then shrank significantly 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, Spain (X kg), twofold.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at +X%.

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

From 2007 to 2020, the average annual growth rate of value to Japan stood at +X%.

Export Prices by Country

In 2020, the average ghee export price amounted to $X per tonne, surging by X% against the previous year. Overall, the export price showed a strong increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Spain totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain.

Ghee Imports

Imports into Finland

For the third year in a row, Finland recorded decline in purchases abroad of ghee, which decreased by -X% to X tonnes in 2020. Overall, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. from 2015 to 2020, the growth imports failed to regain the momentum.

In value terms, ghee imports declined markedly to $X in 2020. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of ghee to Finland, accounting for a X% share of total imports. Moreover, ghee imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), sixfold. Sweden (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Sweden (-X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ghee to Finland, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2020, the average ghee import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?
+
The country with the largest volume of ghee consumption was India (3.8M tonnes), accounting for 74% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (876K tonnes), fourfold.
What are the largest producers of ghee in the world?
+
India (3.8M tonnes) constituted the country with the largest volume of ghee production, accounting for 73% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (876K tonnes), fourfold.
What are the leading suppliers of ghee to Finland?
+
In value terms, the Netherlands ($444K) constituted the largest supplier of ghee to Finland, comprising 53% of total imports. The second position in the ranking was occupied by Germany ($121K), with a 14% share of total imports. It was followed by Belgium, with a 14% share.
What are the leading importers of ghee from Finland?
+
In value terms, Japan ($3.7K) remains the key foreign market for ghee exports from Finland, comprising 81% of total exports. The second position in the ranking was occupied by Spain ($846), with a 18% share of total exports.
What is the average export price for ghee in Finland?
+
In 2020, the average ghee export price amounted to $15,408 per tonne, increasing by 613% against the previous year.
What is the average import price for ghee in Finland?
+
The average ghee import price stood at $8,411 per tonne in 2020, with an increase of 31% against the previous year.

Product coverage:
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk

This report provides an in-depth analysis of the ghee 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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