Finland: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Finland

In 2022, the Finnish primary fiber crops market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in Finland

In value terms, primary fiber crops production surged to $X in 2022 estimated in export price. Over the period under review, production posted a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Primary Fiber Crops Exports

Exports from Finland

In 2022, shipments abroad of fiber crops (primary) decreased by X% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary fiber crops exports dropped to $X in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X kg) was the main destination for primary fiber crops exports from Finland, with a X% share of total exports. Moreover, primary fiber crops exports to Estonia exceeded the volume sent to the second major destination, Denmark (X kg), twofold. The third position in this ranking was taken by the Netherlands (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for primary fiber crops exported from Finland were Estonia ($X), Denmark ($X) and the Netherlands ($X), with a combined X% share of total exports.

Estonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average primary fiber crops export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Primary Fiber Crops Imports

Imports into Finland

In 2022, supplies from abroad of fiber crops (primary) decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports declined to $X in 2022. In general, imports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest primary fiber crops supplier to Finland, accounting for a X% share of total imports. Moreover, primary fiber crops imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sixfold. The third position in this ranking was taken by Sri Lanka (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Sri Lanka (X% per year).

In value terms, the Netherlands ($X), Denmark ($X) and Egypt ($X) constituted the largest primary fiber crops suppliers to Finland, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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 primary fiber crops import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Egypt ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :