Refined Olive Oil Market Overview in Finland
In value terms, refined olive oil production reached $ in estimated in export prices. Overall, the total production indicated a noticeable increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2007 indices. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production hit record highs in and is likely to continue growth in years to come.
The revenue of the refined olive oil market in Finland shrank to $ in , falling 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). Overall, consumption, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2012 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.