Finland: Baby Food Market 2024

Baby Food Market Size in Finland

In 2021, the Finnish baby food market increased by 7.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Baby Food Production in Finland

In value terms, baby food production amounted to $X in 2021 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 306%. Baby food production peaked in 2021 and is expected to retain growth in the near future.

Baby Food Exports

Exports from Finland

In 2021, shipments abroad of food preparations for infants decreased by -37.6% to X tons, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 29%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, baby food exports reduced dramatically to $X in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 46% 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 stood at a somewhat lower figure.

Exports by Country

China (X tons), the Netherlands (X tons) and Estonia (X tons) were the main destinations of baby food exports from Finland, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +480.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for food preparations for infants exports from Finland, comprising 69% of total exports. The second position in the ranking was held by Estonia ($X), with a 15% share of total exports. It was followed by Russia, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +238.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+17.4% per year) and Russia (-29.1% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, falling by -9.6% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, baby food export price increased by +88.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into Finland

In 2021, imports of food preparations for infants into Finland totaled X tons, leveling off at the previous year. Overall, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 7.1%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, baby food imports expanded to $X in 2021. Over the period under review, imports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of baby food imports to Finland, with a combined 91% share of total imports. Portugal, the Netherlands, Poland, Germany and France lagged somewhat behind, together comprising a further 8.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +549.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of food preparations for infants to Finland, comprising 53% of total imports. The second position in the ranking was held by Spain ($X), with a 21% share of total imports. It was followed by Denmark, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.3% per year) and Denmark (+0.0% per year).

Import Prices by Country

The average baby food import price stood at $X per ton in 2021, surging by 1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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