Finland: Vegetable Market 2024

Vegetable Market Size in Finland

The Finnish vegetable market shrank modestly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vegetable Production in Finland

In value terms, vegetable production fell markedly to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average vegetable yield in Finland stood at X tons per ha, surging by X% compared with 2021 figures. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average vegetable yield remained 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.

The vegetable harvested area in Finland was estimated at X ha in 2022, approximately reflecting 2021 figures. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The vegetable harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Exports

Exports from Finland

Vegetable exports from Finland soared to X tons in 2022, increasing by X% against the previous year. Over the period under review, exports continue to indicate perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable exports soared to $X in 2022. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Estonia (X tons) and Latvia (X tons) were the main destinations of vegetable exports from Finland, together accounting for X% of total exports. Poland, Lithuania, the Netherlands, Russia and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Sweden ($X) and Latvia ($X) constituted the largest markets for vegetable exported from Finland worldwide, together accounting for X% of total exports. Poland, Russia, the Netherlands, Lithuania and Norway lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Lithuania ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Finland

In 2022, supplies from abroad of vegetables increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, vegetable imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of vegetable to Finland, with a X% share of total imports. Moreover, vegetable imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the largest vegetable suppliers to Finland were the Netherlands ($X), Spain ($X) and Sweden ($X), with a combined X% share of total imports. Germany, France, Italy, Denmark and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, France, with a CAGR of X%, recorded 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 vegetable import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell rapidly in the following year.

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

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

Source: IndexBox Platform

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