Finland: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Finland

In 2022, the Finnish mineral or aerated water market decreased by -6.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. Mineral or aerated water consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Finland

In value terms, mineral or aerated water production shrank to $X in 2022 estimated in export price. In general, production showed a mild descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mineral or Aerated Waters

Exports from Finland

In 2022, approx. X tons of mineral or aerated waters were exported from Finland; rising by 22% against the year before. Overall, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, mineral or aerated water exports surged to $X in 2022. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 119% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Canada (X tons) and Saudi Arabia (X tons) were the main destinations of mineral or aerated water exports from Finland.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +382.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Saudi Arabia ($X) constituted the largest markets for mineral or aerated water exported from Finland worldwide, together comprising 93% of total exports.

The United States, with a CAGR of +357.9%, saw 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 mineral or aerated water export price amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2021 when the average export price increased by 43%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Russia ($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 China (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Finland

In 2022, supplies from abroad of mineral or aerated waters decreased by -22.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, mineral or aerated water imports reduced markedly to $X in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Estonia (X tons) and Denmark (X tons) were the main suppliers of mineral or aerated water imports to Finland, with a combined 46% share of total imports. These countries were followed by Italy, Georgia and Sweden, which together accounted for a further 5.5%.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +154.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of mineral or aerated waters to Finland, comprising 50% of total imports. The second position in the ranking was taken by Estonia ($X), with a 15% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+59.8% per year) and Italy (+0.2% per year).

Import Prices by Country

The average mineral or aerated water import price stood at $X per ton in 2022, falling by -10.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 53%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Estonia ($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 (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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