Market research

Milk powder market in Finland

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2020, Finland's milk powder production expanded significantly, driven by robust export demand. Valio developed lactose-free and specialized powders for Asian markets, where milk consumption was rising. Despite a drought in Europe that reduced milk supply, Finnish producers capitalized on export opportunities to around 60 countries. The management of EU intervention stocks, including faster-than-expected sales, contributed to price adjustments but did not hinder volume growth.

Production peaked in 2022 as Asian demand remained strong, but underlying challenges emerged. Domestic milk production in Finland began a multi-year decline, tightening raw material availability. Large EU intervention inventories continued to weigh on market prices. By 2023, the sector faced additional pressure from the growing market share of plant-based alternatives. These factors, combined with moderated global prices, led to a contraction in production and exports in 2023-2024, while the domestic market size stabilized.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2024, t
  2. 5.1.2. In value, 2018-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, M $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milk powder in Finland

In value, 2017-2020, M $ US

Finland's milk powder production value increased for the second consecutive year. In 2020, output reached 160.6 million US dollars, up 34.3% from 2019. Production grew by 31.1% between 2017 and 2020, averaging 9.5% annually. The lowest value was recorded in 2018 at 101.9 million US dollars, which also saw the largest decline of 16.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(16.8%)	17.4%	34.3%	9.5%

Source: SHEV.io

In kind, 2017-2020, t

Finland ranked 24th globally in milk powder production from 2017 to 2020.

Top producers of milk powder, 2017-2020

Source: SHEV.io

World map of production of milk powder, 2017-2020

Source: SHEV.io

Finland's milk powder production volume increased for the second consecutive year. In 2020, 58 307 tonnes were produced, up 11.3% from 2019. Over the 2017-2020 period, production rose by 8.3%, with a compound annual growth rate of 2.7%. The lowest volume was recorded in 2018 at 51 879 tonnes, which also experienced the largest decline of 3.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.6%)	1.0%	11.3%	2.7%

Source: SHEV.io

Exports milk powder from Finland

Exports in kind, t

After a two-year decline, Finland's milk powder exports increased in 2020. The country exported 52 060 tonnes, a 37.9% rise from the previous year. From 2017 to 2020, exports grew by 13.1%, averaging 4.2% annually. The lowest volume was recorded in 2019 at 37 762 tonnes, which saw the largest decline of 17.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.9%)	(17.2%)	37.9%	4.2%

Source: SHEV.io

From 2017 to 2020, three main markets—China, Egypt, and the Netherlands—together accounted for 53.8% of Finland's total milk powder exports by volume.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Finland's milk powder export value increased for the second consecutive year. In 2020, exports stood at 138.9 million US dollars, up 36.8% year-over-year. Between 2017 and 2020, export value grew by 40.5%, averaging 12.0% annually. The lowest value was recorded in 2018 at 81.7 million US dollars, which also experienced the largest decline of 17.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.4%)	24.3%	36.8%	12.0%

Source: SHEV.io

From 2017 to 2020, three principal markets—China, the Netherlands, and Egypt—together represented 54.5% of Finland's total milk powder export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports milk powder to Finland

Imports in kind, t

After a two-year increase, Finland's milk powder import volume declined in 2020. The country imported 829 tonnes, down 13.1% from the previous year. From 2017 to 2020, imports rose by 29.6%, averaging 9.0% annually. The highest volume was recorded in 2019 at 954 tonnes, which saw the largest increase of 27.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.9%	27.5%	(13.1%)	9.0%

Source: SHEV.io

From 2017 to 2020, Estonia (56.0% of import volume), the Netherlands (13.2%), and Germany (9.5%) were the main sources for Finland's milk powder imports by volume, together accounting for 78.8% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Finland's milk powder import value increased for the third consecutive year. In 2020, imports reached 3.7 million US dollars, up 3.0% from the previous year. Over the 2017-2020 period, import value grew by 37.1%, with a compound annual growth rate of 11.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	19.9%	11.0%	3.0%	11.1%

Source: SHEV.io

From 2017 to 2020, Estonia (56.9% of import value), the Netherlands (12.8%), and Germany (9.3%) consistently remained the main sources for Finland's milk powder imports by value, together representing 79.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io