Finland: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Finland

The Finnish lamb and sheep meat market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a noticeable slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Lamb and Sheep Meat in Finland

In value terms, lamb and sheep meat production reduced rapidly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Lamb and sheep meat production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of lamb and sheep meat in Finland stood at X kg per head, almost unchanged from 2021. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The lamb and sheep meat yield peaked at X kg per head in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for lamb and sheep meat production in Finland; increasing by X% on the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, this number hit record highs at X heads in 2018; however, from 2019 to 2022, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Finland

In 2022, shipments abroad of lamb and sheep meat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamb and sheep meat exports reduced to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for lamb and sheep meat exports from Finland, with a X% share of total exports. It was followed by Estonia (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled X%.

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

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to X%.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamb and Sheep Meat

Imports into Finland

In 2022, supplies from abroad of lamb and sheep meat was finally on the rise to reach X tons after four years of decline. Overall, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lamb and sheep meat imports soared to $X in 2022. Over the period under review, imports, however, saw a perceptible decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of lamb and sheep meat to Finland, accounting for a X% share of total imports. Moreover, lamb and sheep meat imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was taken by Latvia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Latvia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Latvia (X% per year).

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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