Finland: Green Bean Market 2024

Green Bean Market Size in Finland

In 2022, after two years of growth, there was decline in the Finnish green bean market, when its value decreased by -2.6% to $X. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined modestly in the following year.

Green Bean Production in Finland

In value terms, green bean production rose rapidly to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 111% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average yield of green beans in Finland surged to X tons per ha, increasing by 19% compared with the year before. Over the period under review, the yield, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 when the yield increased by 33% against the previous year. The green bean yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat 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 harvested area of green beans in Finland reduced to X ha, which is down by -10% on 2021. In general, the total harvested area indicated a strong expansion from 2012 to 2022: its figure increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green bean harvested area increased by +12.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38%. The green bean harvested area peaked at X ha in 2021, and then declined in the following year.

Green Bean Exports

Exports from Finland

In 2022, shipments abroad of green beans was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,383% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, green bean exports expanded rapidly to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 1,236% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X kg) was the main destination for green bean exports from Finland, with a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +49.9%.

In value terms, Estonia ($X) also remains the key foreign market for green beans exports from Finland.

From 2014 to 2022, the average annual growth rate of value to Estonia amounted to +55.2%.

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, rising by 3.8% against the previous year. Over the period under review, the export price recorded a strong increase. The growth pace was the most rapid in 2017 an increase of 71%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2014 to 2022, the rate of growth in terms of prices for Estonia amounted to +3.5% per year.

Green Bean Imports

Imports into Finland

In 2022, supplies from abroad of green beans decreased by -10.2% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, green bean imports fell to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of green bean imports to Finland, together comprising 78% of total imports. Kenya, Mexico, Senegal and Morocco lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +205.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of green beans to Finland, comprising 51% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total imports. It was followed by Kenya, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.5% per year) and Kenya (-5.5% per year).

Import Prices by Country

In 2022, the average green bean import price amounted to $X per ton, rising by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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