Finland: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Finland

The Finnish chocolate and confectionery market expanded modestly to $X in 2022, picking up by 1.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. Chocolate and confectionery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in Finland

In value terms, chocolate and confectionery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.7%. Chocolate and confectionery production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Finland

After three years of growth, overseas shipments of chocolate and confectionery decreased by -2% to X tons in 2022. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of X tons, and then declined modestly in the following year.

In value terms, chocolate and confectionery exports reduced modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Sweden (X tons) was the main destination for chocolate and confectionery exports from Finland, with a 56% share of total exports. Moreover, chocolate and confectionery exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), sixfold. The third position in this ranking was taken by Denmark (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.5% per year) and Denmark (+8.1% per year).

In value terms, Sweden ($X) remains the key foreign market for chocolate and confectionery exports from Finland, comprising 49% of total exports. The second position in the ranking was held by Estonia ($X), with a 12% share of total exports. It was followed by Denmark, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-0.3% per year) and Denmark (+5.7% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, shrinking by -2.5% against the previous year. Overall, the export price saw a slight slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Sweden ($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 South Korea (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Finland

In 2022, imports of chocolate and confectionery into Finland amounted to X tons, surging by 13% on the previous year. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate and confectionery imports stood at $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of chocolate and confectionery imports to Finland, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +6.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Finland were Sweden ($X), Germany ($X) and the Netherlands ($X), with a combined 70% share of total imports. Poland, Belgium, France, Italy, Denmark and Slovakia lagged somewhat behind, together accounting for a further 19%.

Poland, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, declining by -7.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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