Finland: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Finland

In 2021, the Finnish preserved frozen potato market increased by 20% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Preserved Frozen Potato Production in Finland

In value terms, preserved frozen potato production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a mild shrinkage. Preserved frozen potato production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Frozen Potato Exports

Exports from Finland

In 2021, shipments abroad of frozen potatoes prepared or preserved increased by 4.9% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a moderate increase. The growth pace was the most rapid in 2019 with an increase of 537% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved frozen potato exports expanded sharply to $X in 2021. Over the period under review, exports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 405%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons), Estonia (X tons) and Sweden (X kg) were the main destinations of preserved frozen potato exports from Finland, with a combined 99% 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 +17.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved frozen potato exported from Finland were Russia ($X), Estonia ($X) and Sweden ($X), with a combined 100% share of total exports.

Russia, with a CAGR of +15.3%, saw 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 mixed trend patterns.

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, picking up by 4.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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 (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Finland

Preserved frozen potato imports into Finland expanded significantly to X tons in 2021, surging by 7.7% compared with the previous year. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, preserved frozen potato imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 16% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of preserved frozen potato imports to Finland, together accounting for 98% 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 +5.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Finland, comprising 55% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.6% per year) and Germany (+3.0% per year).

Import Prices by Country

In 2021, the average preserved frozen potato import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 34% against the previous year. 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.

Average prices varied noticeably amongst the major supplying countries. In 2021, 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 (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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