Finland: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Finland

The Finnish concentrated orange juice market shrank to $X in 2021, which is down by -8.2% 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). Overall, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Concentrated Orange Juice Exports

Exports from Finland

In 2021, exports of concentrated orange juice from Finland contracted modestly to X tons, almost unchanged from the year before. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated orange juice exports soared to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for concentrated orange juice exports from Finland, with a 80% share of total exports. Moreover, concentrated orange juice exports to Russia exceeded the volume sent to the second major destination, Qatar (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Sweden (+123.2% per year).

In value terms, Russia ($X) remains the key foreign market for concentrated orange juice exports from Finland, comprising 62% of total exports. The second position in the ranking was held by Qatar ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Sweden (+182.2% per year).

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 an increase of 18% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the 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 Sweden (+26.4%).

Concentrated Orange Juice Imports

Imports into Finland

In 2021, the amount of concentrated orange juice imported into Finland shrank to X tons, with a decrease of -10.4% against the previous year. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 109% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, concentrated orange juice imports shrank to $X in 2021. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 9.5%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of concentrated orange juice imports to Finland, with a combined 95% 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 Belgium (with a CAGR of +93.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated orange juice suppliers to Finland were the Netherlands ($X), Belgium ($X) and Poland ($X), with a combined 94% share of total imports. Denmark, Spain, Germany and France lagged somewhat behind, together accounting for a further 3.9%.

Among the main suppliers, Spain, with a CAGR of +96.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, growing by 6.9% against the previous year. In general, the import price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2019 an increase of 95%. As a result, import price attained the peak level of $X per ton. From 2020 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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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