Market research

Refined palm oil and fractions market in Finland

$Refined palm oil and fractions market in Finland$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The refined palm oil and fractions market in Finland, measured in volume, began the period at 2.1 thousand tons in 2018 and remained near that level in 2019. After a dip to 1.9 thousand tons in 2020, it briefly returned to 2.1 thousand tons in 2021 before entering a phase of pronounced contraction, falling to 1.4 thousand tons in 2023 and 1.3 thousand tons in 2024.

In value terms, the market followed a distinct path, decreasing from 2.1 million dollars in 2018 to 1.9 million dollars in 2019. It then grew significantly, reaching a peak of 2.8 million dollars in 2022. This was followed by declines to 2.4 million dollars in 2023 and 2.0 million dollars in 2024.

Domestic production of refined palm oil and fractions was minimal throughout the years, meaning changes in total market size were overwhelmingly determined by fluctuations in import volumes.

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 kind
    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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. 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, kg
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, kg
  2. 5.2.2. In value, 2018-2024, K $ US
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, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/kg
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, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
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, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 refined palm oil and fractions in Finland

In value, 2017-2020, K $ US

Finland's refined palm oil and fractions production declined for the third consecutive year. In 2020, output was valued at 90.2 K $ US, marking a moderate 6.8% decrease from 2019. Over the 2017-2020 period, production fell by 26.8%, with a compound annual growth rate of -9.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.2%)	(20.5%)	(6.8%)	(9.9%)

Source: SHEV.io

In kind, 2017-2020, kg

Finland's refined palm oil and fractions production volume declined for the third consecutive year. In 2020, Finland produced 32 103 kg, representing a substantial 12.0% drop compared to 2019. Between 2017 and 2020, production decreased by 31.7%, equating to an annualized decline of 11.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.7%)	(16.8%)	(12.0%)	(11.9%)

Source: SHEV.io

Exports refined palm oil and fractions from Finland

Exports in kind, t

In 2020, refined palm oil and fractions shipments from Finland to abroad reached 0.1 t, showing a sharp year-over-year increase of 143.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	143.3%	-

Source: SHEV.io

From 2017 to 2020, Uganda and Singapore were the primary export destinations in kind, together accounting for 100.0% of total flows.

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, K $ US

In 2020, cross-border shipments of refined palm oil and fractions from Finland were valued at 0.3 K $ US, reflecting a sharp 2,806.5% increase compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	2 806.5%	-

Source: SHEV.io

Over the 2017-2020 period, Uganda was by far the main destination for exports in value terms, accounting for 94.0% of total flows of refined palm oil and fractions from Finland.

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 refined palm oil and fractions to Finland

Imports in kind, t

Finland imported 1 916 t of refined palm oil and fractions in 2020, equivalent to a gradual 9.1% decrease from 2019. Over the 2017-2020 period, imports fell by 12.7%, with a compound annual growth rate of -4.4%. The largest increase was recorded in 2019 at 3.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.3%)	3.6%	(9.1%)	(4.4%)

Source: SHEV.io

From 2017 to 2020, the Netherlands (36.0% of imports in kind), Germany (34.5% of imports in kind), and Sweden (23.3% of imports in kind) were the leading suppliers of refined palm oil and fractions to Finland, jointly representing 93.8% of total imports in kind.

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, K $ US

After a two-year decrease, refined palm oil and fractions imports to Finland increased in 2020. Imports reached 1 934 K $ US, which is 8.7% higher than the previous year. Between 2017 and 2020, imports decreased by 16.1%, equating to an annualized decline of 5.7%. The minimum value was recorded in 2019 at 1 779 K $ US, while the largest decline occurred in 2018 at 12.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.2%)	(12.1%)	8.7%	(5.7%)

Source: SHEV.io

From 2017 to 2020, Germany (32.1% of imports in value terms), the Netherlands (31.4% of imports in value terms), and Sweden (29.4% of imports in value terms) were the main markets for imports in value terms, together accounting for 93.0% 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