Report Update Nov 1, 2024

Finland - Quinoa - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Quinoa Market 2024

Quinoa Market Size in Finland

In 2021, after two years of growth, there was decline in the Finnish quinoa market, when its value decreased by -0.4% to $X. Overall, consumption showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Quinoa Exports

Exports from Finland

Quinoa exports from Finland dropped slightly to X tons in 2021, with a decrease of -4.5% compared with the previous year's figure. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 738%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, quinoa exports dropped notably to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 503%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for quinoa exports from Finland, accounting for a 54% share of total exports. Moreover, quinoa exports to Norway exceeded the volume sent to the second major destination, Sweden (X kg), twofold.

From 2013 to 2021, the average annual growth rate of volume to Norway stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+104.2% per year) and Estonia (+72.6% per year).

In value terms, Norway ($X) remains the key foreign market for quinoa exports from Finland, comprising 62% of total exports. The second position in the ranking was taken by Estonia ($X), with a 21% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Norway amounted to -13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+45.9% per year) and Sweden (+60.1% per year).

Export Prices by Country

The average quinoa export price stood at $X per ton in 2021, reducing by -13.1% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 26%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-1.2%), while the prices for the other major destinations experienced a decline.

Quinoa Imports

Imports into Finland

For the third year in a row, Finland recorded growth in purchases abroad of quinoa, which increased by 8.5% to X tons in 2021. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 191% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, quinoa imports reduced to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 95% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then declined in the following year.

Imports by Country

Sweden (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of quinoa imports to Finland, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +20,777.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Spain ($X) and Denmark ($X) were the largest quinoa suppliers to Finland, with a combined 67% share of total imports.

Spain, with a CAGR of +8,135.7%, recorded 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 2021, the average quinoa import price amounted to $X per ton, waning by -14% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in the world?

The countries with the highest volumes of quinoa consumption in 2020 were Peru, Bolivia and the U.S., together accounting for 68% of global consumption. These countries were followed by Canada, Germany, France, the UK and Ecuador, which together accounted for a further 14%.

What are the largest producers of quinoa in the world?

The countries with the highest volumes of quinoa production in 2020 were Peru, Bolivia and Ecuador, with a combined 97% share of global production.

What are the leading suppliers of quinoa to Finland?

In value terms, the largest quinoa suppliers to Finland were Sweden, Spain and Peru, with a combined 70% share of total imports.

What are the leading importers of quinoa from Finland?

In value terms, Norway remains the key foreign market for quinoa exports from Finland, comprising 98% of total exports. The second position in the ranking was occupied by Hong Kong SAR $383), with a 2.4% share of total exports.

What is the average export price for quinoa in Finland?

The average quinoa export price stood at $7,289 per ton in 2020, increasing by 47% against the previous year.

What is the average import price for quinoa in Finland?

The average quinoa import price stood at $3,328 per ton in 2020, which is down by -2.7% against the previous year.

This report provides an in-depth analysis of the quinoa market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 92 - Quinoa

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023