Finland: Spinach Market 2024

Spinach Market Size in Finland

The Finnish spinach market stood at $X in 2022, increasing by 3% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 -16.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Spinach Production in Finland

In value terms, spinach production soared to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -20.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 155% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average spinach yield in Finland surged to X tons per ha, growing by 48% on 2021 figures. Overall, the yield, however, showed a abrupt decrease. The spinach yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of spinach in Finland contracted to X ha, dropping by -6.2% on 2021. Overall, the total harvested area indicated a resilient increase from 2012 to 2022: its figure increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spinach harvested area increased by +87.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. The spinach harvested area peaked at X ha in 2021, and then declined in the following year.

Spinach Exports

Exports from Finland

In 2022, approx. X tons of spinach were exported from Finland; picking up by 812% against the previous year's figure. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 9,725%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spinach exports skyrocketed to $X in 2022. Overall, exports recorded a temperate increase. The pace of growth was the most pronounced in 2017 when exports increased by 10,691% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for spinach exports from Finland, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +8.1%.

In value terms, Estonia ($X) also remains the key foreign market for spinach exports from Finland.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at +2.8%.

Export Prices by Country

In 2022, the average spinach export price amounted to $X per ton, dropping by -6% against the previous year. In general, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to -4.9% per year.

Spinach Imports

Imports into Finland

After ten years of growth, supplies from abroad of spinach decreased by -30.5% to X tons in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 41% against the previous year. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, spinach imports dropped sharply to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

Sweden (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of spinach imports to Finland, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of spinach to Finland, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.3% per year) and Spain (+11.4% per year).

Import Prices by Country

The average spinach import price stood at $X per ton in 2022, increasing by 16% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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