Finland: Tomato Juice Market 2024

Tomato Juice Market Size in Finland

The Finnish tomato juice market rose slightly to $X in 2022, increasing by 4.3% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tomato Juice Production in Finland

In value terms, tomato juice production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 18%. Tomato juice production peaked at $X in 2021, and then shrank modestly in the following year.

Tomato Juice Exports

Exports from Finland

Tomato juice exports from Finland declined notably to X tons in 2022, shrinking by -59.7% compared with the previous year's figure. Over the period under review, exports saw a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 456%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato juice exports shrank significantly to $X in 2022. In general, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 669% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for tomato juice exports from Finland, accounting for a 91% share of total exports. Moreover, tomato juice exports to Russia exceeded the volume sent to the second major destination, Estonia (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -24.8%.

In value terms, Russia ($X) emerged as the key foreign market for tomato juice exports from Finland, comprising 88% of total exports. The second position in the ranking was held by Estonia ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -22.8%.

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, growing by 19% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato juice export price increased by +63.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Juice Imports

Imports into Finland

In 2022, supplies from abroad of tomato juice increased by 1.2% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 16% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, tomato juice imports expanded rapidly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest tomato juice supplier to Finland, with a 84% share of total imports. Moreover, tomato juice imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), sevenfold. Estonia (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+5.5% per year) and Estonia (+29.6% per year).

In value terms, Germany ($X) constituted the largest supplier of tomato juice to Finland, comprising 84% of total imports. The second position in the ranking was taken by Austria ($X), with a 10% share of total imports. It was followed by Switzerland, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-1.1% per year) and Switzerland (-7.7% per year).

Import Prices by Country

The average tomato juice import price stood at $X per ton in 2022, growing by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the average import price increased by 23%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :