Finland: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Finland

The Finnish non-wheat groats market shrank sharply to $X in 2021, waning by -60.1% against the previous year. In general, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Wheat Groats Production in Finland

In value terms, non-wheat groats production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Non-Wheat Groats Exports

Exports from Finland

For the fifth consecutive year, Finland recorded growth in shipments abroad of groats and meal of cereals (excluding wheat), which increased by 38% to X tons in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 332% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-wheat groats exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 429%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of non-wheat groats exports from Finland, with a combined 65% share of total exports. Poland, Portugal, Sweden, Thailand and the UK lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +444.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat groats exported from Finland were Italy ($X), Spain ($X) and Belgium ($X), together comprising 67% of total exports.

Among the main countries of destination, Spain, with a CAGR of +301.6%, recorded 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 non-wheat groats export price stood at $X per ton in 2021, dropping by -4.3% against the previous year. Overall, the export price, however, saw a tangible increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 294% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Sweden ($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 Poland (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Finland

Non-wheat groats imports into Finland skyrocketed to X tons in 2021, rising by 55% on 2020. In general, imports, however, saw a perceptible contraction. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat groats imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a slight curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of non-wheat groats imports to Finland, with a combined 74% share of total imports. These countries were followed by the Netherlands, Belgium, Denmark, the United States, Estonia and Sweden, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +176.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Finland, comprising 45% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +97.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+77.5% per year) and the Netherlands (+38.6% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, with an increase of 7.9% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats import price decreased by -6.1% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 33%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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