Finland: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Finland

In 2021, the Finnish market for concentrated lemon and other citrus fruit juice decreased by -3.7% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption recorded a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Finland

In 2021, approx. X tons of concentrated lemon and other citrus fruit juice were exported from Finland; declining by -54.5% against the previous year. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 4,368% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, exports of concentrated lemon and other citrus fruit juice reduced markedly to $X in 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 3,068% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Estonia (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Finland, accounting for a 94% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to Estonia exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Estonia totaled +37.4%.

In value terms, Estonia ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Finland, comprising 94% of total exports. The second position in the ranking was held by Sweden ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Estonia amounted to +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-35.7% per year) and Russia (-84.1% per year).

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, shrinking by -5.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 94% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Finland

In 2021, overseas purchases of concentrated lemon and other citrus fruit juice decreased by -0.4% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of concentrated lemon and other citrus fruit juice fell to $X in 2021. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 48%. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest concentrated lemon and other citrus fruit juice supplier to Finland, with a 59% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.8% per year) and Germany (-5.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Finland, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Denmark, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and Denmark (+7.0% per year).

Import Prices by Country

The average import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, falling by -8.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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