Finland: Oil Crops Market 2025

Oil Crops Market Size in Finland

For the third consecutive year, the Finnish oil crops market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded a mild descent. Oil crops consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Production in Finland

In value terms, oil crops production surged to $X in 2022 estimated in export price. In general, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of oil crops (primary) in Finland rose to X tons per ha in 2022, with an increase of X% against the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the average oil crops yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of oil crops (primary) in Finland declined remarkably to X ha, with a decrease of X% compared with 2021. In general, the harvested area showed a deep contraction. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. The oil crops harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Oil Crops Exports

Exports from Finland

In 2022, the amount of oil crops (primary) exported from Finland declined significantly to X tons, reducing by X% on 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil crops exports surged to $X in 2022. Overall, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for oil crops exports from Finland, accounting for a X% share of total exports. Moreover, oil crops exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), tenfold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Turkey (X% per year).

In value terms, Sweden ($X) remains the key foreign market for oil crops (primary) exports from Finland, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and the UK (X% per year).

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Lithuania ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Finland

In 2022, supplies from abroad of oil crops (primary) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oil crops imports expanded rapidly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Estonia (X tons), Latvia (X tons) and Lithuania (X tons) were the main suppliers of oil crops imports to Finland, together comprising X% of total imports. The Netherlands, Bulgaria, Poland, the United States, Germany, Canada and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, Estonia ($X), Latvia ($X) and Lithuania ($X) were the largest oil crops suppliers to Finland, together comprising X% of total imports. The Netherlands, Bulgaria, Poland, Germany, the United States, Canada and Russia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, 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

The average oil crops import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady 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 Russia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :