Finland: Vegetable Puree Market 2024

Vegetable Puree Market Size in Finland

In 2022, after five years of growth, there was significant decline in the Finnish vegetable puree market, when its value decreased by -5.2% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Vegetable Puree Production in Finland

In value terms, vegetable puree production totaled $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 96%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vegetable Puree Exports

Exports from Finland

In 2022, approx. X tons of vegetable puree were exported from Finland; with a decrease of -39.8% compared with the year before. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 128%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable puree exports fell markedly to $X in 2022. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 189%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for vegetable puree exports from Finland, accounting for a 96% share of total exports. Moreover, vegetable puree exports to Sweden exceeded the volume sent to the second major destination, Estonia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to -4.2%.

In value terms, Sweden ($X) remains the key foreign market for vegetable puree exports from Finland, comprising 94% of total exports. The second position in the ranking was taken by Estonia ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at -1.1%.

Export Prices by Country

The average vegetable puree export price stood at $X per ton in 2022, rising by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Puree Imports

Imports into Finland

In 2022, overseas purchases of vegetable puree decreased by -71.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 369%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable puree imports dropped notably to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 104%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Estonia (X tons) constituted the largest vegetable puree supplier to Finland, accounting for a 48% share of total imports. Moreover, vegetable puree imports from Estonia exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Estonia amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.3% per year) and Germany (-1.0% per year).

In value terms, Estonia ($X), Spain ($X) and Germany ($X) appeared to be the largest vegetable puree suppliers to Finland, with a combined 67% share of total imports.

Estonia, with a CAGR of +31.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, increasing by 157% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 159%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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