Finland: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Finland

The Finnish uncooked pasta market rose modestly to $X in 2021, growing by 3% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.7% against 2017 indices. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Uncooked Pasta Production in Finland

In value terms, uncooked pasta production dropped slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 28%. Uncooked pasta production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Uncooked Pasta Exports

Exports from Finland

In 2021, approx. X tons of uncooked pasta were exported from Finland; dropping by -11.3% compared with the previous year. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, uncooked pasta exports skyrocketed to $X in 2021. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 159%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for uncooked pasta exports from Finland, with a 62% share of total exports. Moreover, uncooked pasta exports to Estonia exceeded the volume sent to the second major destination, Norway (X tons), fivefold. Sweden (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia totaled -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+151.6% per year) and Sweden (+33.7% per year).

In value terms, the largest markets for uncooked pasta exported from Finland were Estonia ($X), Norway ($X) and Sweden ($X), together comprising 86% of total exports.

Norway, with a CAGR of +203.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average uncooked pasta export price amounted to $X per ton, growing by 40% against the previous year. Over the period under review, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Finland

Uncooked pasta imports into Finland fell slightly to X tons in 2021, waning by -4.4% compared with 2020 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.5% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. As a result, imports attained the peak of X tons, and then dropped modestly in the following year.

In value terms, uncooked pasta imports rose markedly to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of uncooked pasta to Finland, accounting for a 74% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), more than tenfold. The third position in this ranking was held by Sweden (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+41.8% per year) and Sweden (-10.3% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta to Finland, comprising 72% of total imports. The second position in the ranking was held by Sweden ($X), with a 7.3% share of total imports. It was followed by Poland, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-5.4% per year) and Poland (+8.8% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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