Finland - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Fats Price in Finland - 2023
Contents:
- Animal Fats Price in Finland (CIF) - 2023
- Animal Fats Price in Finland (FOB) - 2022
- Animal Fats Imports in Finland
- Animal Fats Exports in Finland
Animal Fats Price in Finland (CIF) - 2023
In May 2023, the average animal fats import price amounted to $29,909 per ton, falling by -10% against the previous month. Overall, import price indicated a mild expansion from May 2022 to May 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, animal fats import price decreased by -5.4% against December 2022 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 128% against the previous month. The import price peaked at $33,216 per ton in April 2023, and then shrank in the following month.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($31,264 per ton), while the price for Denmark amounted to $29,908 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.6%).
Animal Fats Price in Finland (FOB) - 2022
In 2022, the average animal fats export price amounted to $17,817 per ton, declining by -5.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the maximum at $22,131 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($23,389 per ton), while the average price for exports to Sweden ($9,739 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 Lithuania (+386.0%), while the prices for the other major destinations experienced mixed trend patterns.
Animal Fats Imports in Finland
Animal fats imports into Finland contracted rapidly to 90 tons in 2022, with a decrease of -18.6% on 2021. In general, imports showed a deep reduction. The smallest decline of -1.1% was in 2020.
In value terms, animal fats imports reduced rapidly to $2.3M in 2022. Over the period under review, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 5.7%. As a result, imports reached the peak of $2.7M, and then contracted markedly in the following year.
Import of Animal Fats in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 255 | 2,503 | 2,579 | 2,139 | 103.2% |
Germany | 211 | 46.2 | 121 | 151 | -10.6% |
Norway | 2,012 | 5.2 | N/A | N/A | -99.7% |
Others | 76.4 | N/A | 0.9 | 0.3 | -84.2% |
Total | 2,554 | 2,555 | 2,702 | 2,290 | -3.6% |
Top Suppliers of Animal Fats to Finland in 2022:
- Denmark (82.3 tons)
- Germany (7.5 tons)
Animal Fats Exports in Finland
In 2022, overseas shipments of animal fats and oils decreased by -44% to 5.5 tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 13,111% against the previous year. As a result, the exports reached the peak of 29 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, animal fats exports dropped dramatically to $98K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 14,184% against the previous year. As a result, the exports attained the peak of $418K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Animal Fats in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | 316 | 159 | 46.5 | -61.6% |
Czech Republic | N/A | N/A | N/A | 22.4 | 0% |
Sweden | 2.1 | 3.0 | 9.4 | 19.1 | 108.7% |
Estonia | 0.2 | 0.4 | 2.4 | 5.1 | 194.3% |
Lithuania | N/A | 98.3 | 11.0 | N/A | -88.8% |
Others | 0.7 | 1.2 | 4.7 | 5.0 | 92.6% |
Total | 2.9 | 418 | 186 | 98.1 | 223.4% |
Top Export Markets for Animal Fats from Finland in 2022:
- Russia (2.1 tons)
- Sweden (2.0 tons)
- Czech Republic (1.0 tons)
- Estonia (0.4 tons)
This report provides an in-depth analysis of the animal fats 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 2030.
Product coverage:
- Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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