Finland: Pork Market 2022

Pork Market Size in Finland

In 2021, the Finnish pork market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Pork Production in Finland

In value terms, pork production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average pork yield in Finland was estimated at X kg per head, flattening at the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. The pork yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield remained at a lower figure.

In 2021, approx. X heads of animals slaughtered for pork production in Finland; waning by -X% on the year before. Overall, the number of producing animals continues to indicate a slight contraction. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by X%. Over the period under review, this number attained the maximum level at X heads in 2013; however, from 2014 to 2021, producing animals stood at a somewhat lower figure.

Pork Exports

Exports from Finland

After two years of growth, shipments abroad of pork decreased by -X% to X tons in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, pork exports declined to $X in 2021. Overall, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020, and then shrank in the following year.

Exports by Country

China (X tons) was the main destination for pork exports from Finland, accounting for a X% share of total exports. Moreover, pork exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. The third position in this ranking was held by New Zealand (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and New Zealand (-X% per year).

In value terms, China ($X), South Korea ($X) and New Zealand ($X) appeared to be the largest markets for pork exported from Finland worldwide, together comprising X% of total exports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average pork export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Finland

For the third consecutive year, Finland recorded decline in supplies from abroad of pork, which decreased by -X% to X tons in 2021. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, pork imports declined notably to $X in 2021. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest pork supplier to Finland, with a X% share of total imports. Moreover, pork imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. Estonia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate 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 ($X) constituted the largest supplier of pork to Finland, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2021, 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: Denmark (-X% per year) and Estonia (+X% per year).

Import Prices by Country

In 2021, the average pork import price amounted to $X per ton, which is down by -X% against the previous year. In general, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

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