Finland: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Finland

The Finnish orange juice (single strength) market shrank significantly to $X in 2022, dropping by -16.8% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Orange Juice (Single Strength) in Finland

In value terms, orange juice (single strength) production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Orange Juice (Single Strength)

Exports from Finland

In 2022, overseas shipments of orange juice (single strength) decreased by -33.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 39%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, orange juice (single strength) exports reduced markedly to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for orange juice (single strength) exports from Finland, with a 91% share of total exports. Moreover, orange juice (single strength) exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-8.8% per year) and Russia (-23.7% per year).

In value terms, Sweden ($X) remains the key foreign market for orange juice (single strength) exports from Finland, comprising 87% of total exports. The second position in the ranking was taken by Estonia ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-6.8% per year) and Russia (-23.7% per year).

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden ($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 Estonia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Orange Juice (Single Strength)

Imports into Finland

In 2022, purchases abroad of orange juice (single strength) decreased by -25.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, orange juice (single strength) imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 48%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of orange juice (single strength) to Finland, accounting for a 42% share of total imports. Moreover, orange juice (single strength) imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.6% per year) and Denmark (-11.2% per year).

In value terms, Germany ($X) constituted the largest supplier of orange juice (single strength) to Finland, comprising 42% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+5.5% per year) and Denmark (-13.7% per year).

Import Prices by Country

In 2022, the average orange juice (single strength) import price amounted to $X per ton, with an increase of 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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