Finland: Pig Fat Market 2024

Pig Fat Market Size in Finland

After two years of decline, the Finnish pig fat market increased by X% to $X in 2022. In general, consumption recorded a slight decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Pig Fat Production in Finland

In value terms, pig fat production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Pig fat production peaked in 2022 and is expected to retain growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Pig Fat Exports

Exports from Finland

After two years of growth, shipments abroad of pig fat decreased by X% to X tons in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, pig fat exports reduced to $X in 2022. In general, exports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Estonia (X tons), Sweden (X tons) and Poland (X tons) were the main destinations of pig fat exports from Finland, together accounting for X% of total exports. Japan, Georgia, Denmark, Lithuania and Uruguay lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Japan ($X) and Sweden ($X) appeared to be the largest markets for pig fat exported from Finland worldwide, with a combined X% share of total exports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pig fat export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Pig Fat Imports

Imports into Finland

Pig fat imports into Finland skyrocketed to X tons in 2022, picking up by X% compared with the year before. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pig fat imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X tons) was the main supplier of pig fat to Finland, accounting for a X% share of total imports. Moreover, pig fat imports from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Italy (X% per year).

In value terms, Poland ($X) constituted the largest supplier of pig fat to Finland, comprising X% of total imports. The second position in the ranking was held by Estonia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price enjoyed a buoyant expansion. As a result, import price reached 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 Estonia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform