Finland: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Finland

The Finnish market for malt extract and food preparations of flour, meal, and starches shrank remarkably to $X in 2022, with a decrease of -59.2% against the previous year. Over the period under review, consumption showed a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Finland

In value terms, production of malt extract and food preparations of flour, meal, and starches rose notably to $X in 2022 estimated in export price. In general, production, however, showed a slight shrinkage. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Finland

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -4.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43%. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches declined to $X in 2022. Overall, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2018 when exports increased by 119% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Finland, together comprising 52% of total exports. Spain, Denmark, Poland, the Netherlands, Lithuania, the UK, Ukraine, Turkey, Latvia and the United States lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +288.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Finland were Sweden ($X), Denmark ($X) and Spain ($X), with a combined 48% share of total exports. Germany, Poland, Russia, Lithuania, the Netherlands, Ukraine, Turkey, the UK, Latvia and the United States lagged somewhat behind, together accounting for a further 41%.

Turkey, with a CAGR of +307.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, declining by -2% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for malt extract and food preparations of flour, meal, and starches decreased by -7.0% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 54%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, 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 Poland ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Finland

In 2022, imports of malt extract and food preparations of flour, meal, and starches into Finland shrank remarkably to X tons, which is down by -38.8% on 2021. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 9.3% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches fell notably to $X in 2022. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 27%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and Poland (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Finland, with a combined 78% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +65.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Sweden ($X) and Denmark ($X) constituted the largest malt extract and food preparations of flour, meal, and starch suppliers to Finland, with a combined 76% share of total imports. The UK, France, Poland and Estonia lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Poland, with a CAGR of +53.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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