Finland: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Finland

In 2021, the Finnish rusks and toasted bread market increased by 43% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a resilient increase. Rusks and toasted bread consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Rusks, Toasted Bread and Similar Toasted Products in Finland

In value terms, rusks and toasted bread production contracted significantly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 107%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Finland

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -26.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.1% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, rusks and toasted bread exports shrank modestly to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 21% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Russia (X tons) and Sweden (X tons) were the main destinations of rusks and toasted bread exports from Finland, with a combined 65% share of total exports. Estonia, Norway, Ukraine, the United States and the UK lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +22.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rusks and toasted bread exported from Finland were Germany ($X), Russia ($X) and Sweden ($X), together accounting for 64% of total exports. Norway, Estonia, the United States, the UK and Ukraine lagged somewhat behind, together accounting for a further 23%.

Estonia, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, picking up by 30% against the previous year. Overall, the export price, however, showed a perceptible downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Finland

In 2021, supplies from abroad of rusks, toasted bread and similar toasted products decreased by -15% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports recorded a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of 13%. Imports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, rusks and toasted bread imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 11%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Denmark (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of rusks and toasted bread imports to Finland, together accounting for 49% of total imports. Estonia, France, Italy, Spain, the UK, Belgium and Germany lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +173.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Sweden ($X) and France ($X) constituted the largest rusks and toasted bread suppliers to Finland, together comprising 46% of total imports. The Netherlands, Estonia, Belgium, Denmark, Spain, the UK and Germany lagged somewhat behind, together comprising a further 50%.

Among the main suppliers, Spain, with a CAGR of +157.2%, saw the highest growth rate of 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

The average rusks and toasted bread import price stood at $X per ton in 2021, growing by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :