Albumins, albuminates and albumin derivatives market in Finland

Earlier Report Observations

The Finnish market for albumins and albumin derivatives began the period under the influence of regulatory adjustments, including the implementation of a notification procedure for food supplements and recommendations for vitamin D fortification in dairy products. These measures likely facilitated product introductions and innovation, coinciding with an increase in market volume from 418.4 t in 2018 to 519.6 t in 2020, while the market value grew from 3.06 million USD to 3.49 million USD.

Market expansion accelerated between 2021 and 2023, with volume peaking at 757.9 t in 2023 and value rising steadily to 7.01 million USD. This growth was interrupted only by a minor volume contraction to 594.8 t in 2022, though value continued climbing to 5.93 million USD, indicating sustained price increases throughout the period.

By 2024, strategic industry developments such as Arla Foods Ingredients' acquisition to boost supply capacity and Nestlé's launch of lactose-free whey concentrates met continued consumer demand for protein-rich foods. Concurrently, global supply chain disruptions and higher production costs exerted upward pressure on prices, resulting in a market value of 7.21 million USD despite a slight volume adjustment to 736.1 t.

Production albumins, albuminates and albumin derivatives in Finland

In value, 2017-2020, K $ US

Finland's production of albumins, albuminates, and albumin derivatives has increased for the second year in a row. In 2020, the output was valued at 567.9 thousand US dollars, marking a 17.7% rise compared to 2019. Over the period from 2017 to 2020, production grew by 9.5%, with an average annual growth rate of 3.1%. The lowest value was recorded in 2018 at 426.8 thousand US dollars, which also saw the largest decline of 17.7%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, t

Finland's production volume of albumins, albuminates, and albumin derivatives has risen for the second consecutive year. In 2020, the country produced 306.2 tonnes, representing a significant increase of 34.9% compared to the previous year. From 2017 to 2020, production increased by 14.8%, translating to an annualized growth rate of 4.7%. The minimum volume was recorded in 2018 at 190.2 tonnes, which also experienced the largest decline of 28.7%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports albumins, albuminates and albumin derivatives from Finland

Exports in kind, t

The data shows irregular fluctuations, indicating a volatile market environment. Exports reached their lowest point in 2017 and peaked in 2020, with a dramatic 1 896-fold difference between these years. In 2020, Finland's exports of albumins, albuminates, and albumin derivatives amounted to 189.6 tonnes, reflecting a sharp increase of 579.3% year-over-year. The largest decline occurred in 2019 at 81.0%, while the largest increase was recorded in 2018 at 147 150.1%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, the Netherlands, Lithuania, and Denmark were the primary markets for Finland's exports in kind, accounting for 26.0%, 21.0%, and 20.8% of the total, respectively. Together, these three countries represented 67.7% of all export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Market behavior during these years was characterized by volatility. Exports hit their lowest point in 2017 and reached a high in 2019, with a 215-fold variation between these years. In 2020, Finland exported albumins, albuminates, and albumin derivatives worth 352 thousand US dollars, which was a slight decrease of 1.6% from the previous year. The maximum value was recorded in 2019 at 358 thousand US dollars, and the largest increase occurred in 2018 at 11 078.1%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

From 2017 to 2020, Estonia, Russia, and Sweden were consistently the main destinations for Finland's exports in value terms, with shares of 27.1%, 19.2%, and 16.0%, respectively. Combined, these three countries accounted for 62.3% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports albumins, albuminates and albumin derivatives to Finland

Imports in kind, t

In 2020, Finland's imports of albumins, albuminates, and albumin derivatives totaled 403.0 tonnes, showing a sharp rise of 30.1% compared to the previous year. Between 2017 and 2020, imports increased by 21.8%, equating to an annualized growth rate of 6.8%. The minimum volume was recorded in 2019 at 309.7 tonnes, which also saw the largest decline of 17.5%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Germany, Poland, and the Netherlands were the largest suppliers of albumins, albuminates, and albumin derivatives to Finland, with shares of 32.8%, 20.7%, and 15.3% of imports in kind, respectively. Together, they formed 68.8% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland's import volume of albumins, albuminates, and albumin derivatives has increased for the second year in a row. In 2020, imports amounted to 3 269 thousand US dollars, up by 8.8% compared to 2019. Between 2017 and 2020, imports grew by 4.3%, translating to an annualized rate of 1.4%. The minimum value was recorded in 2018 at 2 819 thousand US dollars, which also experienced the largest decline of 10.0%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Over the period from 2017 to 2020, Germany, the United States, and Poland consistently held leading positions in Finland's import structure in value terms, with shares of 28.1%, 15.9%, and 15.4%, respectively. Jointly, they accounted for 59.4% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020