Finland: Dried Grapes Market 2024

Dried Grapes Market Size in Finland

In 2022, the Finnish dried grapes market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Dried Grapes Production in Finland

In value terms, dried grapes production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 9.6% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Dried Grapes Exports

Exports from Finland

Dried grapes exports from Finland expanded markedly to X tons in 2022, surging by 6.3% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, dried grapes exports dropped sharply to $X in 2022. Over the period under review, exports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 when exports increased by 111%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for dried grapes exports from Finland, accounting for a 67% share of total exports. Moreover, dried grapes exports to Norway exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. The third position in this ranking was taken by Sweden (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+22.4% per year) and Sweden (-14.9% per year).

In value terms, Norway ($X) remains the key foreign market for dried grapes exports from Finland, comprising 62% of total exports. The second position in the ranking was taken by Estonia ($X), with a 23% share of total exports. It was followed by Sweden, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+21.1% per year) and Sweden (-17.8% per year).

Export Prices by Country

In 2022, the average dried grapes export price amounted to $X per ton, reducing by -47.9% against the previous year. Over the period under review, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 79% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($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 Russia (+8.1%), while the prices for the other major destinations experienced a decline.

Dried Grapes Imports

Imports into Finland

In 2022, after two years of decline, there was significant growth in purchases abroad of dried grapes, when their volume increased by 8.2% to X tons. In general, imports, however, saw a noticeable decrease. The growth pace was the most rapid in 2019 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, dried grapes imports surged to $X in 2022. Overall, imports, however, showed a mild slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest dried grapes supplier to Finland, accounting for a 64% share of total imports. Moreover, dried grapes imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+55.8% per year) and Turkey (-13.3% per year).

In value terms, the United States ($X) constituted the largest supplier of dried grapes to Finland, comprising 74% of total imports. The second position in the ranking was held by South Africa ($X), with a 12% share of total imports. It was followed by Turkey, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+48.0% per year) and Turkey (-10.1% per year).

Import Prices by Country

The average dried grapes import price stood at $X per ton in 2022, surging by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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