Finland: Barley Market 2024

Barley Market Size in Finland

The Finnish barley market totaled $X in 2022, rising by 7.6% against the previous year. Overall, consumption, however, showed a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Barley Production in Finland

In value terms, barley production dropped to $X in 2022 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Barley production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average barley yield in Finland soared to X tons per ha, jumping by 16% on the previous year's figure. Over the period under review, the yield, however, saw a mild contraction. The pace of growth appeared the most rapid in 2019 when the yield increased by 28% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average barley yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of barley production in Finland was estimated at X ha, therefore, remained relatively stable against 2021 figures. Overall, the harvested area, however, saw a slight reduction. The growth pace was the most rapid in 2018 when the harvested area increased by 13% against the previous year. Over the period under review, the harvested area dedicated to barley production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Barley Exports

Exports from Finland

In 2022, shipments abroad of barley decreased by -95.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 238%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, barley exports contracted dramatically to $X in 2022. Over the period under review, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2014 with an increase of 171%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for barley exports from Finland, accounting for a 97% share of total exports. It was followed by Poland (X tons), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to -20.0%.

In value terms, Sweden ($X) emerged as the key foreign market for barley exports from Finland, comprising 96% of total exports. The second position in the ranking was held by Poland ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to -21.2%.

Export Prices by Country

The average barley export price stood at $X per ton in 2022, increasing by 2.6% against the previous year. Over the period under review, the export price, however, saw a slight descent. The growth pace was the most rapid in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Poland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Barley Imports

Imports into Finland

In 2022, overseas purchases of barley increased by 182% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 31,402%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, barley imports surged to $X in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 20,270%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Estonia (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of barley imports to Finland, together accounting for 78% of total imports. France, Sweden, Spain and Poland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +332.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barley suppliers to Finland were Germany ($X), Estonia ($X) and Denmark ($X), together accounting for 73% of total imports. Spain, France, Sweden and Poland lagged somewhat behind, together comprising a further 20%.

France, with a CAGR of +311.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average barley import price stood at $X per ton in 2022, with an increase of 61% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 147%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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