Finland: Tomato Market 2024

Tomato Market Size in Finland

The Finnish tomato market declined to $X in 2022, reducing by -7.3% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Tomato Production in Finland

In value terms, tomato production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 173% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The average yield of tomatoes in Finland declined modestly to X tons per ha in 2022, approximately reflecting the year before. The yield figure increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. Over the period under review, the average tomato yield reached the maximum level at X tons per ha in 2019; however, from 2020 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 total area harvested in terms of tomatoes production in Finland rose significantly to X ha, increasing by 5.6% compared with the previous year. Overall, the harvested area, however, showed a mild decrease. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 11% against the previous year. Over the period under review, the harvested area dedicated to tomato production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Tomato Exports

Exports from Finland

In 2022, shipments abroad of tomatoes decreased by -48.1% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, enjoyed temperate growth. The growth pace was the most rapid in 2016 with an increase of 2,780%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tomato exports fell notably to $X in 2022. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 2,224%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+25.8% per year) and Lithuania (-52.8% per year).

In value terms, Estonia ($X) remains the key foreign market for tomatoes exports from Finland, comprising 90% of total exports. The second position in the ranking was held by Lithuania ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-6.0% per year) and Latvia (+4.1% per year).

Export Prices by Country

The average tomato export price stood at $X per ton in 2022, picking up by 24% against the previous year. In general, the export price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of 180%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Latvia ($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 Lithuania (+99.0%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Imports

Imports into Finland

Tomato imports into Finland contracted sharply to X tons in 2022, falling by -18.3% compared with the previous year. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of 9.7%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tomato imports reduced dramatically to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 14%. Over the period under review, imports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

The Netherlands (X tons), Spain (X tons) and France (X tons) were the main suppliers of tomato imports to Finland, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +59.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Spain ($X) and France ($X) were the largest tomato suppliers to Finland, with a combined 95% share of total imports.

In terms of the main suppliers, France, with a CAGR of +71.3%, saw the highest growth rate of the value of imports, 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 import price amounted to $X per ton, surging by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Morocco ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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