Finland: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Finland

The Finnish concentrated grapefruit juice market reduced dramatically to $X in 2021, dropping by -38.7% against the previous year. Overall, consumption showed a deep slump. Concentrated grapefruit juice consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Concentrated Grapefruit Juice Production in Finland

In value terms, concentrated grapefruit juice production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports from Finland

In 2019, shipments abroad of concentrated grapefruit juice decreased by -49% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2014 when exports increased by 76% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports shrank dramatically to $X in 2019. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 166% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for concentrated grapefruit juice exports from Finland, accounting for a 54% share of total exports. Moreover, concentrated grapefruit juice exports to Russia exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), fivefold. The third position in this ranking was taken by Japan (X kg), with a 9.8% share.

From 2012 to 2019, the average annual growth rate of volume to Russia amounted to -33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-40.1% per year) and Japan (-57.6% per year).

In value terms, the largest markets for concentrated grapefruit juice exported from Finland were Russia ($X), Japan ($X) and Hong Kong SAR ($X), together accounting for 60% of total exports. China, Thailand, South Korea and the United States lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, South Korea, with a CAGR of -34.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average concentrated grapefruit juice export price amounted to $X per ton, with a decrease of -18.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2019, the export prices remained at a lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China (+46.5%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Grapefruit Juice Imports

Imports into Finland

In 2021, imports of concentrated grapefruit juice into Finland contracted sharply to X tons, waning by -39.2% compared with 2020 figures. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 3,611%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports fell remarkably to $X in 2021. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 201%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Denmark (X tons) were the main suppliers of concentrated grapefruit juice imports to Finland, with a combined 99.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.6%), while imports for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Poland ($X) and Denmark ($X) were the largest concentrated grapefruit juice suppliers to Finland, with a combined 100% share of total imports.

Among the main suppliers, Poland, with a CAGR of +21.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, shrinking by -8.8% against the previous year. Over the period under review, the import price, however, posted a mild increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 4,316%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+115.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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