Finland: Onion And Shallot Market 2024

Onion And Shallot Market Size in Finland

The Finnish onion and shallot market fell to $X in 2022, declining by -10.2% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Onion And Shallot Production in Finland

In value terms, onion and shallot production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

The average yield of onions and shallots in Finland contracted slightly to X tons per ha in 2022, approximately reflecting 2021 figures. The yield figure increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 with an increase of 37%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average onion and shallot yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of onions and shallots production in Finland expanded to X ha, growing by 1.7% compared with the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by 5.9% against the previous year. Over the period under review, the harvested area dedicated to onion and shallot production reached the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Onion And Shallot Exports

Exports from Finland

In 2022, onion and shallot exports from Finland surged to X tons, increasing by 564% on the previous year. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, onion and shallot exports skyrocketed to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 700%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for onion and shallot exports from Finland, with a 91% share of total exports. Moreover, onion and shallot exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at +112.7%.

In value terms, Sweden ($X) emerged as the key foreign market for onions and shallots exports from Finland, comprising 74% of total exports. The second position in the ranking was held by Estonia ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +102.1%.

Export Prices by Country

In 2022, the average onion and shallot export price amounted to $X per ton, reducing by -38.1% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 450%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 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 Estonia ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Onion And Shallot Imports

Imports into Finland

In 2022, the amount of onions and shallots imported into Finland contracted significantly to X tons, falling by -23.5% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 25% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, onion and shallot imports shrank slightly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest onion and shallot supplier to Finland, accounting for a 83% share of total imports. Moreover, onion and shallot imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+82.1% per year) and Germany (-18.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of onions and shallots to Finland, comprising 77% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.1% share of total imports. It was followed by Egypt, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+90.7% per year) and Egypt (+10.4% per year).

Import Prices by Country

The average onion and shallot import price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Egypt ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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