Finland: Preserved Belly Cut Market Overview 2021

Preserved Belly Cut Market Size in Finland

The Finnish preserved belly cut market was estimated at $X in 2019, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Preserved Belly Cut Production in Finland

In value terms, preserved belly cut production rose rapidly to $X in 2019 estimated in export prices. In general, production showed a deep contraction. The growth pace was the most rapid in 2011 when the production volume increased by X% year-to-year. Preserved belly cut production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Preserved Belly Cut Exports

Exports from Finland

In 2019, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exported from Finland dropped rapidly to X kg, waning by -X% against 2018. Over the period under review, exports faced a deep reduction. Over the period under review, exports hit record highs at X kg in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, preserved belly cut exports fell significantly to $X in 2019. In general, exports faced a deep slump. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual growth rate of value to No country was relatively modest.

Preserved Belly Cut Imports

Imports into Finland

In 2019, purchases abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, preserved belly cut imports contracted sharply to $X in 2019. Overall, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then fell significantly in the following year.

Imports by Country

Spain (X tonnes), Italy (X tonnes) and Denmark (X tonnes) were the main suppliers of preserved belly cut imports to Finland, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Spain, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Spain ($X) and Denmark ($X) were the largest preserved belly cut suppliers to Finland, together comprising X% of total imports.

Among the main suppliers, Italy recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average preserved belly cut import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price, however, posted a notable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then dropped sharply in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in the world?

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China (1.3M tonnes) constituted the country with the largest volume of preserved belly cut consumption, accounting for 16% of total volume. Moreover, preserved belly cut consumption in China exceeded the figures recorded by the second-largest consumer, Italy (523K tonnes), twofold. The third position in this ranking was occupied by India (506K tonnes), with a 6.2% share.

What are the largest producers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in the world?

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China (1.3M tonnes) remains the largest preserved belly cut producing country worldwide, accounting for 16% of total volume. Moreover, preserved belly cut production in China exceeded the figures recorded by the second-largest producer, Italy (527K tonnes), twofold. The third position in this ranking was occupied by India (506K tonnes), with a 6.2% share.

What are the leading suppliers of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) to Finland?

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In value terms, the largest preserved belly cut suppliers to Finland were Italy ($357K), Spain ($261K) and Denmark ($17K), together accounting for 93% of total imports.

What is the average import price for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) in Finland?

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In 2019, the average preserved belly cut import price amounted to $8,784 per tonne, waning by -20.3% against the previous year.