Finland: Fruit Flour Market 2024

Fruit Flour Market Size in Finland

The Finnish fruit flour market surged to $X in 2022, with an increase of 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate moderate growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Fruit Flour Exports

Exports from Finland

In 2022, shipments abroad of fruit flour decreased by -16.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 109%. The exports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, fruit flour exports contracted markedly to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 201%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Australia (X tons) was the main destination for fruit flour exports from Finland, accounting for a 37% share of total exports. Moreover, fruit flour exports to Australia exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +198.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+11.0% per year) and the United States (+53.3% per year).

In value terms, the largest markets for fruit flour exported from Finland were Australia ($X), the United States ($X) and Sweden ($X), together comprising 71% of total exports.

Among the main countries of destination, Australia, with a CAGR of +209.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fruit flour export price stood at $X per ton in 2022, falling by -18.5% against the previous year. Overall, the export price, however, recorded a slight expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 61%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Estonia ($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 Estonia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Finland

In 2022, supplies from abroad of fruit flour decreased by -12% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2014 when imports increased by 126% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, fruit flour imports soared to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 112% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and Sri Lanka (X tons) were the main suppliers of fruit flour imports to Finland, with a combined 63% share of total imports. Spain, Nigeria, Australia, Switzerland, France, Sweden, the Netherlands, Turkey and Italy lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +518.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit flour suppliers to Finland were Germany ($X), Australia ($X) and the United States ($X), together comprising 53% of total imports.

Australia, with a CAGR of +2,167.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fruit flour import price amounted to $X per ton, rising by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. 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 Australia ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+266.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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