Finland: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Finland

In 2021, the Finnish non-mineral or non-aerated water market decreased by -75.4% to $X, falling for the sixth consecutive year after two years of growth. Overall, consumption faced a abrupt slump. Non-mineral or non-aerated water consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Non-Mineral or Non-Aerated Waters in Finland

In value terms, non-mineral or non-aerated water production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Finland

In 2021, overseas shipments of non-mineral or non-aerated waters decreased by -4.5% to X litres, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. The exports peaked at X litres in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports rose modestly to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X litres) was the main destination for non-mineral or non-aerated water exports from Finland, with a 91% share of total exports. Moreover, non-mineral or non-aerated water exports to Russia exceeded the volume sent to the second major destination, Estonia (X litres), more than tenfold. The third position in this ranking was taken by China (X litres), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+32.6% per year) and China (+13.3% per year).

In value terms, Russia ($X) remains the key foreign market for non-mineral or non-aerated waters exports from Finland, comprising 79% of total exports. The second position in the ranking was taken by China ($X), with a 9.1% share of total exports. It was followed by Estonia, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.5% per year) and Estonia (+26.4% per year).

Export Prices by Country

The average non-mineral or non-aerated water export price stood at $X per litre in 2021, growing by 7.4% against the previous year. In general, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 to 2021, the 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 China ($X per litre), while the average price for exports to Russia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Finland

In 2021, supplies from abroad of non-mineral or non-aerated waters decreased by -27.6% to X litres, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 605% against the previous year. Over the period under review, imports hit record highs at X litres in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-mineral or non-aerated water imports soared to $X in 2021. In general, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2018 when imports increased by 370%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X litres), Sweden (X litres) and Estonia (X litres) were the main suppliers of non-mineral or non-aerated water imports to Finland, with a combined 77% share of total imports. These countries were followed by France, Poland, Norway, China, the Netherlands, Denmark and Russia, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +48.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Sweden ($X) and France ($X) were the largest non-mineral or non-aerated water suppliers to Finland, with a combined 64% share of total imports. These countries were followed by Estonia, Poland, China, the Netherlands, Denmark, Norway and Russia, which together accounted for a further 19%.

Among the main suppliers, China, with a CAGR of +66.6%, 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

The average non-mineral or non-aerated water import price stood at $X per litre in 2021, jumping by 63% against the previous year. In general, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 292%. As a result, import price attained the peak level of $X per litre. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+66.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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