Finland: Frozen Potato Market 2024

Frozen Potato Market Size in Finland

The Finnish frozen potato market stood at $X in 2021, with an increase of 14% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Potato Production in Finland

In value terms, frozen potato production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Frozen Potato Exports

Exports from Finland

Frozen potato exports from Finland soared to X tons in 2021, increasing by 28% on 2020 figures. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 412%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen potato exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 294%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Estonia (X tons) and Norway (X tons) were the main destinations of frozen potato exports from Finland, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +17.2%), while the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Estonia ($X) and Norway ($X) were the largest markets for frozen potato exported from Finland worldwide, together accounting for 93% of total exports.

Among the main countries of destination, Russia, with a CAGR of +14.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, picking up by 7.7% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 19%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 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 (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into Finland

In 2021, imports of frozen potatoes into Finland was estimated at X tons, picking up by 3% compared with the previous year. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, frozen potato imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 15%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of frozen potato imports to Finland, with a combined 98% 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 Germany (with a CAGR of +4.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes to Finland, comprising 57% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.6% per year) and Germany (+2.9% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, picking up by 2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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