Overview of the Market for Fish Fat And Oil in Finland
In value terms, fish fat and oil production rose notably to $ in estimated in export prices. Overall, production saw a prominent expansion. The growth pace was the most rapid in 2011 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2016; however, from 2017 to , production failed to regain the momentum.
The value of the fish fat and oil market in Finland dropped to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2017 to , the growth of the market remained at a somewhat lower figure.