Finland: Cereal Flour Market 2024

Cereal Flour Market Size in Finland

For the third year in a row, the Finnish cereal flour market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a abrupt descent. Cereal flour consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cereal Flour Production in Finland

In value terms, cereal flour production declined notably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Cereal Flour Exports

Exports from Finland

Cereal flour exports from Finland dropped to X tons in 2022, shrinking by X% compared with 2021 figures. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal flour exports fell to $X in 2022. Overall, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Sweden (X tons) and Belgium (X tons) were the main destinations of cereal flour exports from Finland, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal flour exported from Finland were Estonia ($X), Belgium ($X) and Sweden ($X), with a combined X% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded 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 cereal flour export price amounted to $X per ton, falling by X% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Flour Imports

Imports into Finland

In 2022, imports of cereal flours into Finland contracted remarkably to X tons, waning by X% on the previous year's figure. Over the period under review, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cereal flour imports fell to $X in 2022. Overall, imports showed a mild setback. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Latvia (X tons), Italy (X tons) and Estonia (X tons) were the main suppliers of cereal flour imports to Finland, with a combined X% share of total imports. The Netherlands, Belgium, Germany, Sweden and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Latvia ($X) and the Netherlands ($X) were the largest cereal flour suppliers to Finland, with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded 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 cereal flour import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Latvia ($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 a decline.

Source: IndexBox Platform

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