Finland: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Finland

The Finnish market for mixed condiments, sauses and seasonings dropped slightly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X, leveling off in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Finland

In value terms, mixed condiment, sause and seasoning production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by 28%. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Finland

In 2022, after two years of growth, there was significant decline in shipments abroad of mixed condiments, sauses and seasonings, when their volume decreased by -5.3% to X tons. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 22% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, mixed condiment, sause and seasoning exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 20%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Russia (X tons) and Estonia (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Finland, with a combined 80% share of total exports. Sweden, the Netherlands, Ukraine, Latvia, Norway and the UK lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Russia ($X) and Estonia ($X) were the largest markets for mixed condiment, sause and seasoning exported from Finland worldwide, together comprising 78% of total exports. Sweden, Ukraine, the Netherlands, Norway, Latvia and the UK lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Ukraine, with a CAGR of +39.9%, 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 export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, falling by -2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Russia ($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 Norway (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Finland

In 2022, supplies from abroad of mixed condiments, sauses and seasonings increased by 4.5% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, 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 36%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Sweden (X tons), Estonia (X tons) and Germany (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Finland, with a combined 60% share of total imports. Belgium, Italy, Latvia, the UK, the United States, Thailand, the Netherlands, Poland and Denmark lagged somewhat behind, together accounting for a further 32%.

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 +115.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Finland were Sweden ($X), Estonia ($X) and Germany ($X), together accounting for 56% of total imports. Italy, Latvia, Belgium, Thailand, the UK, the Netherlands, the United States, Poland and Denmark lagged somewhat behind, together accounting for a further 34%.

Poland, with a CAGR of +111.1%, 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 import price for mixed condiments, sauses and seasonings amounted to $X per ton, remaining stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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