Finland: Root And Tuber Market 2024

Root And Tuber Market Size in Finland

The Finnish root and tuber market dropped to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Root And Tuber Production in Finland

In value terms, root and tuber production contracted to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. Root and tuber production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Finland stood at X tons per ha in 2022, rising by X% on 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The root and tuber yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the 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.

The root and tuber harvested area in Finland amounted to X ha in 2022, approximately reflecting the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Finland

In 2022, approx. X tons of roots and tubers were exported from Finland; jumping by X% against the previous year's figure. Over the period under review, exports recorded perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber exports soared to $X in 2022. In general, exports, however, continue to indicate a slight slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Estonia (X tons) and Latvia (X tons) were the main destinations of root and tuber exports from Finland, with a combined X% share of total exports. Lithuania, the Netherlands, Russia and Norway lagged somewhat behind, together accounting for a further X%.

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

In value terms, Sweden ($X), Latvia ($X) and Estonia ($X) appeared to be the largest markets for root and tuber exported from Finland worldwide, with a combined X% share of total exports. Russia, the Netherlands, Lithuania and Norway lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded 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

In 2022, the average root and tuber export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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.

Root And Tuber Imports

Imports into Finland

In 2022, supplies from abroad of roots and tubers was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, root and tuber imports shrank to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Denmark (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of root and tuber imports to Finland, with a combined X% share of total imports. Belgium, Spain, France and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), Sweden ($X) and Denmark ($X) were the largest root and tuber suppliers to Finland, together accounting for X% of total imports. Belgium, Spain, Germany and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 root and tuber import price amounted to $X per ton, reducing by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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 Belgium ($X per ton), while the price for Denmark ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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