Finland: Chili And Pepper Market 2024

Chili And Pepper Market Size in Finland

After two years of growth, the Finnish chili and pepper market decreased by -16.8% to $X in 2022. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chili and pepper consumption peaked at $X in 2021, and then fell markedly in the following year.

Chili And Pepper Production in Finland

In value terms, chili and pepper production expanded notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 67%. Chili and pepper production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average chili and pepper yield in Finland stood at X tons per ha, increasing by 2.2% on 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 19% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average chili and pepper yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chilies and peppers (green) were harvested in Finland; therefore, remained relatively stable against the previous year's figure. Overall, the harvested area enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 33%. The chili and pepper harvested area peaked in 2022 and is likely to see gradual growth in the near future.

Chili And Pepper Exports

Exports from Finland

In 2022, shipments abroad of chilies and peppers (green) decreased by -34.2% to X tons, falling for the third year in a row after eight years of growth. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 435% 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, chili and pepper exports contracted rapidly to $X in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 620% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for chili and pepper exports from Finland, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Estonia stood at +44.0%.

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

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to +54.4%.

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2022, growing by 8.7% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper export price increased by +80.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the maximum 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 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +7.2% per year.

Chili And Pepper Imports

Imports into Finland

In 2022, the amount of chilies and peppers (green) imported into Finland rose significantly to X tons, increasing by 11% on the year before. The total import volume increased at an average annual rate of +2.4% 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 2020 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chili and pepper imports dropped significantly to $X in 2022. Overall, imports saw a mild increase. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined significantly in the following year.

Imports by Country

The Netherlands (X tons) and Spain (X tons) were the main suppliers of chili and pepper imports to Finland.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +4.6%).

In value terms, the largest chili and pepper suppliers to Finland were the Netherlands ($X) and Spain ($X).

Spain, with a CAGR of +3.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, falling by -33.6% against the previous year. In general, the import price recorded a mild descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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