Finland: Chewing Gum Market 2022

Chewing Gum Market Size in Finland

The finnish chewing gum market skyrocketed to $X in 2021, with an increase of X% against the previous year. this figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).In general, consumption, however, showed a relatively flat trend pattern.As a result, consumption attained the peak level of $X. from 2016 to 2021, the growth of the market remained at a lower figure.

Chewing Gum Production in Finland

In value terms, chewing gum production soared to $X in 2021 estimated in export price.Over the period under review, production, however, continues to indicate a mild slump.The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year.As a result, production reached the peak level of $X. from 2016 to 2021, production growth failed to regain momentum.

Chewing Gum Exports

Exports from Finland

In 2021, the amount of chewing gum exported from finland surged to X tons, rising by X% compared with 2020 figures.Overall, exports, however, showed a mild shrinkage.The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year.The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, chewing gum exports skyrocketed to $X in 2021.Over the period under review, exports, however, continue to indicate a pronounced curtailment.The growth pace was the most rapid in 2013 with an increase of X exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Estonia (X tons) and Sweden (X kg) were the main destinations of chewing gum exports from Finland, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for chewing gum exported from Finland were Russia ($X), Estonia ($X) and Sweden ($X), together accounting for X% of total exports.

Sweden, with a cagr of -X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. from 2018 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-X%), while the prices for the other major destinations experienced a decline.

Chewing Gum Imports

Imports into Finland

In 2021, overseas purchases of chewing gum decreased by -X% to X tons, falling for the second year in a row after two years of growth.In general, imports, however, posted a strong expansion.The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year.As a result, imports reached the peak of X tons. from 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, chewing gum imports reduced slightly to $X in 2021.Overall, imports, however, enjoyed a perceptible increase.The growth pace was the most rapid in 2018 with an increase of X% against the previous year.Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest chewing gum supplier to Finland, accounting for a X% share of total imports. Moreover, chewing gum imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Spain (-X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of chewing gum to Finland, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2021, the average chewing gum import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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