Finland: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Finland

The Finnish tomato ketchup market expanded notably to $X in 2022, growing by 5% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by 8.7% against the previous year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tomato Ketchup Production in Finland

In value terms, tomato ketchup production rose remarkably to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Tomato Ketchup Exports

Exports from Finland

In 2022, after two years of growth, there was significant decline in overseas shipments of tomato ketchup and tomato sauces, when their volume decreased by -57.1% to X tons. Overall, exports saw a mild reduction. The pace of growth was the most pronounced in 2015 when exports increased by 47% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports contracted rapidly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 43%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for tomato ketchup exports from Finland, accounting for a 40% share of total exports. Moreover, tomato ketchup exports to Estonia exceeded the volume sent to the second major destination, Russia (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-9.3% per year) and Lithuania (+23.5% per year).

In value terms, Estonia ($X) emerged as the key foreign market for tomato ketchup and tomato sauces exports from Finland, comprising 44% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 21% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+33.2% per year) and Russia (-10.6% per year).

Export Prices by Country

The average tomato ketchup export price stood at $X per ton in 2022, increasing by 35% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Finland

In 2022, supplies from abroad of tomato ketchup and tomato sauces decreased by -10.6% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 10% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, tomato ketchup imports reached $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 12% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Sweden (X tons) and Italy (X tons) were the main suppliers of tomato ketchup imports to Finland, with a combined 71% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +5.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup suppliers to Finland were the Netherlands ($X), Sweden ($X) and Italy ($X), together accounting for 73% of total imports.

Italy, with a CAGR of +6.1%, recorded the highest growth rate of 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 2022, the average tomato ketchup import price amounted to $X per ton, picking up by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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