Finland: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Finland

The Finnish market for frozen vegetables other than potato and corn shrank slightly to $X in 2022, reducing by -1.7% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.4% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Frozen Vegetables other than Potato and Corn in Finland

In value terms, production of frozen vegetables other than potato and corn rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, production of attained the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Finland

In 2022, exports of frozen vegetables other than potato and corn from Finland dropped to X tons, waning by -5.2% on 2021 figures. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 175%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn declined significantly to $X in 2022. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 99%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Sweden (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Finland, accounting for a 61% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to Sweden exceeded the volume sent to the second major destination, Italy (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.5% per year) and Estonia (-0.8% per year).

In value terms, Sweden ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Finland, comprising 63% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Estonia, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.4% per year) and Estonia (+1.5% per year).

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, which is down by -24.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($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 Estonia (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Finland

In 2022, imports of frozen vegetables other than potato and corn into Finland declined to X tons, dropping by -12.5% on 2021 figures. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 8.3%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of frozen vegetables other than potato and corn reduced modestly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 12%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest frozen vegetables other than potato and corn supplier to Finland, accounting for a 40% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.9% per year) and Spain (+1.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Finland, comprising 35% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.7% per year) and Spain (+5.6% per year).

Import Prices by Country

The average import price for frozen vegetables other than potato and corn stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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