Finland: Soups Market 2024

Soups Market Size in Finland

In 2021, the Finnish soups market decreased by -28.4% to $X, falling for the second year in a row after five years of growth. Overall, consumption saw a pronounced reduction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Soups Production in Finland

In value terms, soups production contracted rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Soups Exports

Exports from Finland

In 2021, overseas shipments of soups and broths increased by 36% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, soups exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 60% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons), Estonia (X tons) and Norway (X tons) were the main destinations of soups exports from Finland, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +15.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Estonia ($X), Sweden ($X) and Norway ($X) appeared to be the largest markets for soups exported from Finland worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average soups export price amounted to $X per ton, which is down by -13.3% against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external 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 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-1.3%), while the prices for the other major destinations experienced a decline.

Soups Imports

Imports into Finland

Soups imports into Finland declined to X tons in 2021, with a decrease of -11.1% against 2020 figures. Over the period under review, imports showed a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, soups imports dropped to $X in 2021. In general, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 8%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Belgium (X tons) and Slovakia (X tons) were the main suppliers of soups imports to Finland, with a combined 55% share of total imports. Poland, Romania, Germany, Spain, Italy, France, Denmark and Switzerland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +40.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soups suppliers to Finland were Belgium ($X), Sweden ($X) and Slovakia ($X), together accounting for 58% of total imports. These countries were followed by Romania, Germany, Poland, Spain, Italy, France, Denmark and Switzerland, which together accounted for a further 30%.

Romania, with a CAGR of +31.8%, recorded the highest rates of growth with regard to the value of imports, among 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 soups import price amounted to $X per ton, increasing by 3.5% against the previous year. In general, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 41%. 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 Switzerland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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