Finland: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Finland

After two years of decline, the Finnish beet-pulp and bagasse market increased by 98% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. Beet-pulp and bagasse consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in Finland

In value terms, beet-pulp and bagasse production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 498%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Beet-Pulp And Bagasse Exports

Exports from Finland

Beet-pulp and bagasse exports from Finland shrank significantly to X tons in 2022, dropping by -86% against 2021. Overall, exports showed a dramatic slump. The pace of growth was the most pronounced in 2014 when exports increased by 196% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports skyrocketed to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 854%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for beet-pulp and bagasse exports from Finland, with a 59% share of total exports. Moreover, beet-pulp and bagasse exports to Latvia exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-35.7% per year) and Turkey (+17.5% per year).

In value terms, Denmark ($X) emerged as the key foreign market for beet-pulp and bagasse exports from Finland, comprising 93% of total exports. The second position in the ranking was held by Turkey ($X), with a 3.9% share of total exports. It was followed by Belgium, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled +95.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+14.0% per year) and Belgium (-46.7% per year).

Export Prices by Country

In 2022, the average beet-pulp and bagasse export price amounted to $X per ton, rising by 1,714% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+203.3%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Finland

In 2022, supplies from abroad of beet-pulp and bagasse was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports soared to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest beet-pulp and bagasse supplier to Finland, with a 78% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Egypt (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.2% per year) and Egypt (+763.4% per year).

In value terms, Russia ($X) constituted the largest supplier of beet-pulp and bagasse to Finland, comprising 78% of total imports. The second position in the ranking was taken by Egypt ($X), with an 11% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+605.0% per year) and Germany (-8.5% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, surging by 26% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 54% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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