Finland: Pig Fat Market 2020

Pig Fat Market Size in Finland

The revenue of the pig fat market in Finland amounted to $X in 2018, approximately equating the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Pig fat consumption peaked in 2018 and is expected to retain its growth in the near future.

Pig Fat Production in Finland

In value terms, pig fat production totaled $X in 2018 estimated in export prices. In general, pig fat production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2010 when production volume increased by X% year-to-year. Over the period under review, pig fat production attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Pig Fat Exports

Exports from Finland

In 2018, the pig fat exports from Finland totaled X tons, going up by X% against the previous year. Overall, pig fat exports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, pig fat exports amounted to $X in 2018. Overall, pig fat exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, pig fat exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Russia (X tons) was the main destination for pig fat exports from Finland, accounting for a X% share of total exports. Moreover, pig fat exports to Russia exceeded the volume sent to the second major destination, Uruguay (X tons), fourfold. Estonia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Russia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+X% per year) and Estonia (+X% per year).

In value terms, Russia ($X) remains the key foreign market for pig fat exports from Finland, comprising X% of total pig fat exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+X% per year) and Estonia (+X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, coming down by -X% against the previous year. Overall, the pig fat export price continues to indicate a deep curtailment. The growth pace was the most rapid in 2008 an increase of X% year-to-year. In that year, the average export prices for pig fat attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for pig fat remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced a decline.

Pig Fat Imports

Imports into Finland

In 2018, the pig fat imports into Finland totaled X tons, growing by X% against the previous year. Overall, pig fat imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, pig fat imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Denmark (X tons) constituted the largest pig fat supplier to Finland, accounting for a X% share of total imports. Moreover, pig fat imports from Denmark exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was occupied by Belgium (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Denmark stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Belgium (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, declining by -X% against the previous year. In general, the pig fat import price, however, continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. In that year, the average import prices for pig fat attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the average import prices for pig fat remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform