Finland: Lard Market Overview 2021

Lard Market Size in Finland

The Finnish lard market shrank sharply to $X in 2019, dropping by -X% against the previous year. Over the period under review, consumption continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Lard consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Lard Production in Finland

In value terms, lard production reduced rapidly to $X in 2019 estimated in export prices. In general, production faced a significant decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Lard production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Lard Exports

Exports from Finland

In 2019, the amount of lard exported from Finland surged to X tonnes, with an increase of X% compared with 2018. Over the period under review, exports, however, recorded a perceptible reduction. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, lard exports fell to $X in 2019. Overall, exports, however, continue to indicate a deep reduction. The smallest decline of -X% was in 2016. Exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for lard exports from Finland, with a X% share of total exports. It was followed by Germany (X kg), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Sweden stood at +X%.

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

From 2012 to 2019, the average annual rate of growth in terms of value to Sweden stood at +X%.

Export Prices by Country

The average lard export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices failed to regain the momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany.

Lard Imports

Imports into Finland

In 2019, supplies from abroad of lard decreased by -X% to X tonnes, falling for the sixth consecutive year after two years of growth. In general, imports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports failed to regain the momentum.

In value terms, lard imports dropped notably to $X in 2019. Overall, imports faced a deep contraction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Poland (X tonnes) was the main supplier of lard to Finland, with a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Poland amounted to +X%.

In value terms, Poland ($X) constituted the largest supplier of lard to Finland.

From 2012 to 2019, the average annual rate of growth in terms of value from Poland totaled +X%.

Import Prices by Country

The average lard import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lard import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2019, the rate of growth in terms of prices for Poland amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard in the world?

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China (2.6M tonnes) constituted the country with the largest volume of lard consumption, accounting for 40% of total volume. Moreover, lard consumption in China exceeded the figures recorded by the second-largest consumer, Germany (627K tonnes), fourfold. The third position in this ranking was occupied by Brazil (489K tonnes), with a 7.3% share.

What are the largest producers of lard in the world?

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China (2.6M tonnes) constituted the country with the largest volume of lard production, comprising approx. 39% of total volume. Moreover, lard production in China exceeded the figures recorded by the second-largest producer, Germany (660K tonnes), fourfold. Brazil (491K tonnes) ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of lard to Finland?

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In value terms, Poland ($2.4K) constituted the largest supplier of lard to Finland.

What are the leading importers of lard from Finland?

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In value terms, Sweden ($12K) remains the key foreign market for lard exports from Finland, comprising 94% of total exports. The second position in the ranking was occupied by Germany ($507), with a 3.9% share of total exports.

What is the average export price for lard in Finland?

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In 2019, the average lard export price amounted to $472 per tonne, with a decrease of -31.6% against the previous year.

What is the average import price for lard in Finland?

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In 2019, the average lard import price amounted to $1,569 per tonne, dropping by -9% against the previous year.