Finland: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Finland

The Finnish shelled hazelnut market reduced sharply to $X in 2021, which is down by -46.6% against the previous year. In general, consumption recorded a abrupt downturn. Shelled hazelnut consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Shelled Hazelnut Production in Finland

In value terms, shelled hazelnut production shrank sharply to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 526% against the previous year. Shelled hazelnut production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Shelled Hazelnut Exports

Exports from Finland

Shelled hazelnut exports from Finland contracted remarkably to X kg in 2021, which is down by -29.2% against 2020. Overall, exports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2017 when exports increased by 585%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, shelled hazelnut exports shrank dramatically to $X in 2021. Over the period under review, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2015 with an increase of 327%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X kg) was the main destination for shelled hazelnut exports from Finland, accounting for a 88% share of total exports. Moreover, shelled hazelnut exports to Estonia exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Estonia totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+108.2% per year) and Russia (-36.5% per year).

In value terms, Estonia ($X) remains the key foreign market for shelled hazelnuts exports from Finland, comprising 90% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+105.9% per year) and Russia (-38.9% per year).

Export Prices by Country

In 2021, the average shelled hazelnut export price amounted to $X per ton, with an increase of 4.5% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shelled hazelnut export price decreased by -24.2% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 195%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Estonia (+1.3%), while the prices for the other major destinations experienced a decline.

Shelled Hazelnut Imports

Imports into Finland

In 2021, approx. X tons of shelled hazelnuts were imported into Finland; which is down by -47.1% against 2020 figures. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1,431% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, shelled hazelnut imports dropped sharply to $X in 2021. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest shelled hazelnut supplier to Finland, accounting for a 43% share of total imports. Moreover, shelled hazelnut imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Lithuania (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and Lithuania (+16.4% per year).

In value terms, Turkey ($X), Lithuania ($X) and Germany ($X) appeared to be the largest shelled hazelnut suppliers to Finland, together accounting for 69% of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +29.9%, 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 2021, the average shelled hazelnut import price amounted to $X per ton, increasing by 5.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 867%. As a result, import price reached the peak level of $X per ton. From 2020 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform