Finland: Turkey Meat Market 2024

Turkey Meat Market Size in Finland

In 2022, the Finnish turkey meat market increased by X% to $X, rising for the sixth consecutive year after four years of decline. Overall, consumption saw a relatively flat trend pattern. Turkey meat consumption peaked in 2022 and is likely to see steady growth in years to come.

Turkey Meat Production in Finland

In value terms, turkey meat production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Turkey meat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average turkey meat yield in Finland stood at X kg per head, approximately reflecting the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the average turkey meat yield reached the peak level in 2022 and is expected to retain growth in the immediate term.

The number of animals slaughtered for turkey meat production in Finland shrank slightly to X heads in 2022, remaining stable against 2021 figures. Over the period under review, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for turkey meat production peaked at X heads in 2021, and then fell slightly in the following year.

Turkey Meat Exports

Exports from Finland

In 2022, turkey meat exports from Finland fell to X tons, with a decrease of X% against 2021. Over the period under review, exports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, turkey meat exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons), Benin (X tons) and Lithuania (X tons) were the main destinations of turkey meat exports from Finland, with a combined X% share of total exports. Latvia, Congo, Ukraine, Germany, Gabon and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for turkey meat exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the average turkey meat export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a modest increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Gabon ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Finland

In 2022, the amount of turkey meat imported into Finland soared to X tons, rising by X% against the previous year. In general, total imports indicated measured growth 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, turkey meat imports skyrocketed to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest turkey meat supplier to Finland, accounting for a X% share of total imports. Moreover, turkey meat imports from Germany exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold. The third position in this ranking was held by Poland (X tons), with an 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: Estonia (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of turkey meat to Finland, comprising X% of total imports. The second position in the ranking was taken by Estonia ($X), with a X% share of total imports. It was followed by Poland, with a 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: Estonia (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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