Market research

Soybean oilcake market in Finland

Release date: Mar 29, 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 market volume for soybean oilcake in Finland showed significant fluctuations between 2018 and 2024. After a decline to 73 000 tons in 2019, consumption rebounded sharply, exceeding 120 000 tons in 2020 and 2021 and reaching a peak of 163 000 tons in 2022. A pronounced contraction followed in 2023, with the market falling to 87 000 tons, before partially recovering to 125 000 tons in 2024.

Throughout the period, the market remained overwhelmingly reliant on imports, as domestic production was negligible, typically below 1 000 tons per year. The surge in overall volume in 2022 was supported by imports of 144 000 tons, while the 2023 downturn coincided with a drop in imports to 87 000 tons. The only notable domestic output was 19 000 tons in 2022, which did not alter the fundamental import-dependent structure.

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, t
  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, t
  2. 5.2.2. In value, 2018-2024, K $ 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K 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/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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K 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/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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K 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/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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K 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/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, K t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K 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 soybean oilcake in Finland

In value, 2017-2020, K $ US

Finland's soybean oilcake production declined for the second year in a row. In 2020, output was valued at 217.1 K $ US, down 3.6% from 2019. Production rose 15.2% overall between 2017 and 2020, averaging 4.8% per year. The highest value was recorded in 2018 at 270.6 K $ US, with the largest increase that year of 43.7%. The biggest drop occurred in 2019, when production fell 16.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	43.7%	(16.8%)	(3.6%)	4.8%

Source: SHEV.io

In kind, 2017-2020, t

Top producers of soybean oilcake, 2017-2020

Source: SHEV.io

World map of production of soybean oilcake, 2017-2020

Source: SHEV.io

Finland's soybean oilcake production fell for the second consecutive year. In 2020, output totaled 292.3 t, a 5.6% decrease from 2019. From 2017 to 2020, production grew 3.5%, averaging 1.1% annually. The peak was in 2018 at 388.9 t, with the largest increase that year of 37.6%. The most significant decline was in 2019, when production dropped 20.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	37.6%	(20.3%)	(5.6%)	1.1%

Source: SHEV.io

Exports soybean oilcake from Finland

Exports in kind, K t

Finland's soybean oilcake exports grew for the second year in a row. In 2020, exports reached 0.0 K t, surging 18 365.2% compared to the previous year. Between 2018 and 2020, exports skyrocketed 47 909.5%, averaging 683.0% per year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	160.0%	18 365.2%	-

Source: SHEV.io

From 2017 to 2020, Germany dominated Finland's soybean oilcake exports in volume, accounting for 99.2% 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

Finland's soybean oilcake exports increased for the second consecutive year. In 2020, exports amounted to 6 K $ US, jumping 2 537.1% year-over-year. Between 2018 and 2020, exports soared 28 631.6%, with an average annual growth rate of 559.9%.

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	989.5%	2 537.1%	-

Source: SHEV.io

Between 2017 and 2020, Finland's soybean oilcake exports in value were almost entirely tied to Germany, which made up 96.0% of total flows.

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 soybean oilcake to Finland

Imports in kind, K t

After two years of decline, Finland's soybean oilcake imports rebounded. In 2020, imports totaled 72.6 K t, marking a sharp 61.8% increase year-over-year. From 2017 to 2020, imports rose 3.8%, averaging 1.2% per year. The lowest volume was in 2019 at 72.6 K t, with the largest drop that year of 26.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.3%)	(26.1%)	61.8%	1.2%

Source: SHEV.io

From 2017 to 2020, Germany, Norway, and Russia were the top sources for Finland's soybean oilcake imports by volume. Germany led with 64.8%, followed by Norway at 13.6% and Russia at 13.4%, together accounting for 91.8% of total imports.

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

Finland imported 49 648 K $ US of soybean oilcake in 2020, down 12.0% from the previous year. Between 2017 and 2020, imports increased 5.4%, averaging 1.8% annually. The lowest value was in 2018 at 44 888 K $ US, while the peak was in 2019 at 56 419 K $ US, with the largest increase that year of 25.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.7%)	25.7%	(12.0%)	1.8%

Source: SHEV.io

Between 2017 and 2020, Germany, Russia, and Norway were the main markets for Finland's soybean oilcake imports by value. Germany accounted for 51.4%, Russia for 16.9%, and Norway for 16.2%, together representing 84.5% 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