Finland: Sugar Crop Market 2024

Sugar Crop Market Size in Finland

After two years of decline, the Finnish sugar crop market increased by X% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Sugar crop consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Finland

In value terms, sugar crop production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average yield of sugar crops in Finland expanded slightly to X tons per ha, picking up by X% on the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average sugar crop yield remained at a 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 sugar crops in Finland shrank modestly to X ha, approximately reflecting the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the sugar crop harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Finland

In 2022, shipments abroad of sugar crops increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for sugar crop exports from Finland, accounting for a approx. X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%.

In value terms, the Netherlands ($X) also remains the key foreign market for sugar crops exports from Finland.

From 2016 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price showed a dramatic descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Sugar Crop Imports

Imports into Finland

In 2022, approx. X tons of sugar crops were imported into Finland; with an increase of X% compared with 2021 figures. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar crop imports declined to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest sugar crop supplier to Finland, accounting for a X% share of total imports. Moreover, sugar crop imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Uganda (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Italy (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of sugar crops to Finland, comprising X% of total imports. The second position in the ranking was held by Uganda ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Italy (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a mild contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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