Price for Protein; Concentrates and Textured Protein Substances in Finland - 2024

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Finland (CIF) - 2022
2. Price for Protein; Concentrates and Textured Protein Substances in Finland (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Finland
4. Exports of Protein; Concentrates and Textured Protein Substances in Finland

Price for Protein; Concentrates and Textured Protein Substances in Finland (CIF) - 2022

The average import price for protein; concentrates and textured protein substanceses stood at $4,895 per ton in 2022, with a decrease of -2.4% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for protein; concentrates and textured protein substanceses increased by +74.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. The import price peaked at $5,015 per ton in 2021, and then fell in the following year.

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 the UK ($12,035 per ton), while the price for Serbia ($1,976 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Protein; Concentrates and Textured Protein Substances in Finland (FOB) - 2022

The average export price for protein; concentrates and textured protein substanceses stood at $9,577 per ton in 2022, increasing by 21% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +10.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by 73%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($14,145 per ton), while the average price for exports to Russia ($3,787 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 Poland (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein; Concentrates and Textured Protein Substances in Finland

In 2022, imports of protein; concentrates and textured protein substanceses into Finland soared to 2.6K tons, picking up by 25% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $13M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Finland in 2022:

1. Sweden (580.5 tons)
2. Serbia (574.4 tons)
3. Germany (336.4 tons)
4. Estonia (322.7 tons)
5. United States (254.8 tons)
6. Netherlands (226.0 tons)
7. Denmark (74.3 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Finland

Exports of protein; concentrates and textured protein substanceses from Finland was estimated at 531 tons in 2022, with an increase of 2% on the previous year's figure. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $5.1M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Finland in 2022:

1. Sweden (157.9 tons)
2. Estonia (75.6 tons)
3. Portugal (51.9 tons)
4. United States (45.7 tons)
5. Poland (42.2 tons)
6. Germany (39.4 tons)
7. Netherlands (24.6 tons)
8. Russia (17.3 tons)
9. Slovakia (16.1 tons)
10. United Kingdom (4.9 tons)

Source: IndexBox Market Intelligence Platform