Finland: Bread And Bakery Market 2024

Bread And Bakery Market Size in Finland

In 2022, the Finnish bread and bakery market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Bread and bakery consumption peaked in 2022 and is expected to retain growth in the near future.

Bread And Bakery Production in Finland

In value terms, bread and bakery production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Bread and bakery production peaked in 2022 and is expected to retain growth in the immediate term.

Bread And Bakery Exports

Exports from Finland

In 2022, bread and bakery exports from Finland shrank to X tons, which is down by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, bread and bakery exports dropped to $X in 2022. The total export value increased at an average annual rate of X% 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 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and Estonia (X tons) were the main destinations of bread and bakery exports from Finland, with a combined X% share of total exports. Norway, Poland, Lithuania, Russia, Latvia, Denmark, Ireland and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bread and bakery exported from Finland were Sweden ($X), Germany ($X) and Estonia ($X), together accounting for X% of total exports. Norway, Russia, Poland, Ireland, Latvia, Lithuania, the UK and Denmark lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Ireland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bread and bakery export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Lithuania ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Finland

For the third year in a row, Finland recorded growth in overseas purchases of bread and bakery, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, bread and bakery imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons) and Estonia (X tons) were the main suppliers of bread and bakery imports to Finland, together accounting for X% of total imports. The Netherlands, Belgium, France, Poland, Lithuania, Denmark, Norway, Italy and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Sweden ($X), Germany ($X) and Estonia ($X) constituted the largest bread and bakery suppliers to Finland, with a combined X% share of total imports. The Netherlands, Belgium, France, Poland, Norway, Denmark, Italy, Lithuania and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bread and bakery import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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