Finland: Overview of the Market for Lamb And Sheep Meat 2021

Market Size for Lamb And Sheep Meat in Finland

In 2019, after two years of growth, there was significant decline in the Finnish lamb and sheep meat market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Production of Lamb And Sheep Meat in Finland

In value terms, lamb and sheep meat production dropped sharply to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

The average yield of lamb and sheep meat in Finland expanded modestly to X kg per head in 2019, with an increase of X% against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The lamb and sheep meat yield peaked in 2019 and is likely to continue growth in the immediate term.

In 2019, number of animals slaughtered for lamb and sheep meat production in Finland contracted modestly to X heads, which is down by -X% compared with the previous year. In general, the total number of producing animals indicated a buoyant expansion from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, number of animals slaughtered for lamb and sheep meat production increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2018, and then contracted modestly in the following year.

Exports of Lamb And Sheep Meat

Exports from Finland

In 2019, approx. X tonnes of lamb and sheep meat were exported from Finland; which is down by -X% compared with the previous year. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, lamb and sheep meat exports shrank dramatically to $X in 2019. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

Sweden (X tonnes) was the main destination for lamb and sheep meat exports from Finland, with a X% share of total exports. Moreover, lamb and sheep meat exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tonnes), threefold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Sweden amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and Italy (X% per year).

In value terms, Sweden ($X) remains the key foreign market for lamb and sheep meat exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average lamb and sheep meat export price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, export price indicated a perceptible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-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 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb And Sheep Meat

Imports into Finland

In 2019, purchases abroad of lamb and sheep meat decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2012 to 2019, the growth imports remained at a lower figure.

In value terms, lamb and sheep meat imports fell significantly to $X in 2019. In general, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

New Zealand (X tonnes), Sweden (X tonnes) and the Netherlands (X tonnes) were the main suppliers of lamb and sheep meat imports to Finland, together comprising X% of total imports. Germany, Spain, Latvia and Australia lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Latvia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constituted the largest supplier of lamb and sheep meat to Finland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2019, the average annual growth rate of value from New Zealand stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2019, the average lamb and sheep meat import price amounted to $X per tonne, reducing by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while the price for Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?

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The country with the largest volume of lamb and sheep meat consumption was China (2.8M tonnes), accounting for 28% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (390K tonnes), sevenfold. The third position in this ranking was occupied by Sudan (387K tonnes), with a 3.9% share.

What are the largest producers of lamb and sheep meat in the world?

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The country with the largest volume of lamb and sheep meat production was China (2.5M tonnes), accounting for 25% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (732K tonnes), threefold. The third position in this ranking was occupied by New Zealand (449K tonnes), with a 4.5% share.

What are the leading suppliers of lamb and sheep meat to Finland?

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In value terms, New Zealand ($7.2M) constituted the largest supplier of lamb and sheep meat to Finland, comprising 57% of total imports. The second position in the ranking was occupied by the Netherlands ($1.8M), with a 14% share of total imports. It was followed by Sweden, with a 6.9% share.

What are the leading importers of lamb and sheep meat from Finland?

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In value terms, Sweden ($118K) remains the key foreign market for lamb and sheep meat exports from Finland, comprising 52% of total exports. The second position in the ranking was occupied by Estonia ($53K), with a 23% share of total exports. It was followed by the Netherlands, with a 17% share.

What is the average export price for lamb and sheep meat in Finland?

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The average lamb and sheep meat export price stood at $7,620 per tonne in 2019, declining by -27.4% against the previous year.

What is the average import price for lamb and sheep meat in Finland?

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The average lamb and sheep meat import price stood at $10,344 per tonne in 2019, with a decrease of -2.8% against the previous year.