Processed liquid milk market in Finland

Earlier Report Observations

The processed liquid milk market in Finland contracted steadily from 2018 to 2023, with physical volume falling from 564.4 thousand tons to 403.0 thousand tons, a decline of over 28%. In value terms, the market also shrank from $358.4 million to $301.4 million by 2022, though it saw a slight recovery to $311.2 million in 2023 despite lower physical volume.

This downward trajectory reversed in 2024, as market volume grew by 8.3% to 436.6 thousand tons, valued at $329.4 million. The expansion was supported by the entry of new competitors and added production capacity, which increased supply and stimulated demand. Concurrently, evolving consumer behavior, with greater emphasis on health and sustainability, bolstered consumption of processed liquid milk.

Production processed liquid milk in Finland

In value, 2017-2020, M $ US

Finland's processed liquid milk production declined for the second consecutive year. In 2020, output was valued at 321.5 million US dollars, marking a 0.6% year-on-year decrease. Over the period from 2017 to 2020, production fell by 6.9%, with a compound annual growth rate of 2.4%. The highest value was recorded in 2018 at 354.7 million US dollars, which saw a 2.7% increase. The largest decline occurred in 2019, with an 8.8% drop.

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

In kind, 2017-2020, K t

Processed liquid milk production in Finland declined for the third consecutive year. In 2020, Finland produced 508.1 thousand tonnes of processed liquid milk, which is 3.6% lower than the previous year. From 2017 to 2020, production decreased by 15.8%, with a compound annual growth rate of 5.6%.

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

Exports processed liquid milk from Finland

Exports in kind, t

There were noticeable fluctuations in market performance during this period. The lowest volume occurred in 2018 at 1 521 tonnes, with a 2.4% decline. In 2020, Finland's processed liquid milk exports reached 5 063 tonnes, marking a steep rise of 104.8% compared to 2019. The highest volume was recorded in 2020, resulting in a peak-to-trough ratio of 3.3 times between 2018 and 2020.

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

From 2017 to 2020, processed liquid milk from Finland was supplied almost exclusively to Sweden, which accounted for 91.1% of total exports in kind.

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

The market exhibited an unstable trend throughout the timeframe. The largest decline was recorded in 2019 at 8.3%. In 2020, Finland's processed liquid milk export volume stood at 5.246 million US dollars, showing an uptick of 211.9% from a year earlier. The span from 2017 to 2020 exhibited a peak-to-trough amplitude of 4.5 times.

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

Throughout 2017 to 2020, Sweden dominated the country structure of exports in value terms, with a share of 92.2% of total 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 processed liquid milk to Finland

Imports in kind, t

After a two-year decline, Finland's volume of processed liquid milk imports increased. The minimum value was recorded in 2019 at 7 168 tonnes, with the largest decline of 21.9% in that year. In 2020, imports amounted to 7 402 tonnes, up by 3.3% relative to the prior year. Between 2017 and 2020, imports decreased by 30.4%, equating to an 11.4% annualized rate.

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

Throughout 2017 to 2020, Germany was the main supplier of processed liquid milk to Finland, taking 71.7% of total imports in kind, while other partners had relatively modest shares.

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

The volume of processed liquid milk imports to Finland declined for the third consecutive year. Finland imported a total of 4.173 million US dollars of processed liquid milk in 2020, representing a moderate fall of 9.1% from a year earlier. Over the period from 2017 to 2020, imports decreased by 32.8%, with a compound annual growth rate of 12.4%.

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

Over 2017 to 2020, Germany was the dominant destination for imports in value terms of processed liquid milk to Finland, accounting for 76.4% of total flows, while the remaining share was distributed among a number of smaller markets.

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

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