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Finland - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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Finland: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in Finland

The Finnish refined olive oil market reduced slightly to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption, however, recorded a mild reduction. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Refined Olive Oil Production in Finland

In value terms, refined olive oil production rose slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Refined olive oil production peaked in 2020 and is likely to continue growth in the near future.

Refined Olive Oil Exports

Exports from Finland

In 2020, overseas shipments of refined olive oil decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2019 to 2020, the growth exports remained at a lower figure.

In value terms, refined olive oil exports shrank to $X in 2020. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Estonia (X tonnes) was the main destination for refined olive oil exports from Finland, with a X% share of total exports. Moreover, refined olive oil exports to Estonia exceeded the volume sent to the second major destination, Russia (X kg), fourfold.

From 2007 to 2020, the average annual growth rate of volume to Estonia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Sweden (-X% per year).

In value terms, Russia ($X) emerged as the key foreign market for refined olive oil exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and Sweden (-X% per year).

Export Prices by Country

The average refined olive oil export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the export price posted a remarkable increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Refined Olive Oil Imports

Imports into Finland

In 2020, overseas purchases of refined olive oil were finally on the rise to reach X tonnes for the first time since 2013, thus ending a six-year declining trend. Over the period under review, imports, however, recorded a slight descent. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, refined olive oil imports shrank to $X in 2020. In general, imports, however, saw a mild downturn. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Spain (X tonnes) and Italy (X tonnes) were the main suppliers of refined olive oil imports to Finland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain.

In value terms, the largest refined olive oil suppliers to Finland were Spain ($X) and Italy ($X), together comprising X% of total imports.

Among the main suppliers, Spain saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2020, the average refined olive oil import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Spain stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil consumption in 2020 were China (683K tonnes), the U.S. (377K tonnes) and India (268K tonnes), with a combined 28% share of global consumption.
What are the largest producers of refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil production in 2020 were China (669K tonnes), Spain (414K tonnes) and the U.S. (280K tonnes), together comprising 29% of global production. India, Japan, Indonesia, Russia, Germany, Pakistan, Italy, Brazil, Bangladesh and Nigeria lagged somewhat behind, together accounting for a further 28%.
What are the leading suppliers of refined olive oil to Finland?
+
In value terms, Spain ($895K) and Italy ($678K) appeared to be the largest refined olive oil suppliers to Finland, with a combined 92% share of total imports.
What are the leading importers of refined olive oil from Finland?
+
In value terms, Russia ($68K) emerged as the key foreign market for refined olive oil exports from Finland, comprising 77% of total exports. The second position in the ranking was occupied by Estonia ($19K), with a 22% share of total exports.
What is the average export price for refined olive oil in Finland?
+
The average refined olive oil export price stood at $30,968 per tonne in 2020, picking up by 706% against the previous year.
What is the average import price for refined olive oil in Finland?
+
The average refined olive oil import price stood at $3,951 per tonne in 2020, shrinking by -21.9% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive oil market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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