Finland: Pork Market 2024

Pork Market Size in Finland

In 2022, the Finnish pork market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Pork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pork Production in Finland

In value terms, pork production totaled $X in 2022 estimated in export price. Overall, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of pork in Finland stood at X kg per head, flattening at 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The pork yield peaked at X kg per head in 2019; however, from 2020 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for pork production in Finland; approximately equating 2021 figures. Overall, the number of producing animals showed a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. The number of animals slaughtered for pork production peaked at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

Pork Exports

Exports from Finland

In 2022, overseas shipments of pork decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a measured 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pork exports reduced to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and New Zealand (X tons) were the main destinations of pork exports from Finland, together accounting for X% of total exports.

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

In value terms, the largest markets for pork exported from Finland were South Korea ($X), New Zealand ($X) and China ($X), with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest growth rate of 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

The average pork export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Finland

In 2022, after three years of decline, there was significant growth in purchases abroad of pork, when their volume increased by X% to X tons. Overall, imports, however, recorded a perceptible contraction. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, pork imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of pork to Finland, accounting for a X% share of total imports. Moreover, pork imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), eightfold. Estonia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Estonia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of pork to Finland, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with an X% share of total imports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Denmark (X% per year).

Import Prices by Country

The average pork import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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