Price for Homogenised Composite Food Preparations in Finland - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Finland (CIF) - 2023
2. Price for Homogenised Composite Food Preparations in Finland (FOB) - 2023
3. Imports of Homogenised Composite Food Preparations in Finland
4. Exports of Homogenised Composite Food Preparations in Finland

Price for Homogenised Composite Food Preparations in Finland (CIF) - 2023

The average homogenised composite food preparations import price stood at $4,605 per ton in March 2023, increasing by 12% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 32% m-o-m. The import price peaked at $4,825 per ton in January 2023; however, from February 2023 to March 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Estonia ($6,617 per ton), while the price for Latvia ($3,309 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Sweden (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Finland (FOB) - 2023

In April 2023, the average homogenised composite food preparations export price amounted to $4,688 per ton, increasing by 7.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 an increase of 15% m-o-m. The export price peaked in April 2023.

Average prices varied somewhat for the major foreign markets. In April 2023, the country with the highest price was Estonia ($6,120 per ton), while the average price for exports to Russia ($4,416 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Composite Food Preparations in Finland

For the fourth year in a row, Finland recorded growth in overseas purchases of homogenised composite food preparationses, which increased by 14% to 1.2K tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, homogenised composite food preparations imports declined slightly to $4.6M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 8.2%. As a result, imports attained the peak of $4.6M, leveling off in the following year.

Top Suppliers of Homogenised Composite Food Preparations to Finland in 2022:

1. Spain (703.0 tons)
2. Sweden (212.4 tons)
3. Poland (142.2 tons)
4. Estonia (100.2 tons)
5. Germany (0.1 tons)

Exports of Homogenised Composite Food Preparations in Finland

In 2022, after three years of growth, there was significant decline in overseas shipments of homogenised composite food preparationses, when their volume decreased by -28.5% to 693 tons. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 28%.

In value terms, homogenised composite food preparations exports shrank notably to $2.7M in 2022. Overall, exports saw a mild curtailment. The growth pace was the most rapid in 2020 when exports increased by 17% against the previous year.

Top Export Markets for Homogenised Composite Food Preparations from Finland in 2022:

1. Russia (377.8 tons)
2. Sweden (251.6 tons)
3. Ukraine (44.4 tons)
4. Estonia (19.1 tons)