Starches; Inulin Price in Finland - 2023
Contents:
- Starches; Inulin Price in Finland (CIF) - 2023
- Starches; Inulin Price in Finland (FOB) - 2022
- Starches; Inulin Imports in Finland
- Starches; Inulin Exports in Finland
Starches; Inulin Price in Finland (CIF) - 2023
The average starches; inulin import price stood at $763 per ton in August 2023, dropping by -3.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 17% m-o-m. Over the period under review, average import prices reached the peak figure at $977 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2,204 per ton), while the price for Lithuania ($573 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Finland (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $1,493 per ton, growing by 88% against the previous year. In general, the export price showed strong growth. The export price peaked at $1,749 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($1,508 per ton) and Sweden ($1,295 per ton), while the average price for exports to the UK ($1,295 per ton) and the Netherlands ($1,295 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+86.6%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Finland
In 2022, the amount of starches; inulins imported into Finland surged to 73K tons, increasing by 33% on 2021 figures. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, starches; inulin imports soared to $41M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 9.1 | 7.2 | 12.9 | 10.7 | 5.5% |
| Netherlands | 2.0 | 2.7 | 4.5 | 8.0 | 58.7% |
| France | 1.6 | 1.3 | 1.6 | 5.8 | 53.6% |
| Hungary | N/A | 0.6 | 0.4 | 4.1 | 161.4% |
| Sweden | 4.2 | 2.6 | 2.3 | 3.7 | -4.1% |
| Belgium | 0.3 | 0.3 | 0.6 | 3.6 | 128.9% |
| Germany | 1.4 | 1.3 | 1.7 | 2.0 | 12.6% |
| Others | 1.4 | 1.8 | 1.7 | 3.6 | 37.0% |
| Total | 20.0 | 17.9 | 25.7 | 41.4 | 27.4% |
Top Suppliers of Starches; Inulin to Finland in 2022:
- Lithuania (30.0K tons)
- Sweden (11.4K tons)
- Netherlands (10.8K tons)
- France (7.6K tons)
- Hungary (5.6K tons)
- Belgium (2.8K tons)
- Germany (1.3K tons)
Starches; Inulin Exports in Finland
In 2022, overseas shipments of starches; inulins decreased by -71.9% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,287% against the previous year. As a result, the exports reached the peak of 9.4K tons, and then contracted remarkably in the following year.
In value terms, starches; inulin exports dropped notably to $3.9M in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,677% against the previous year. As a result, the exports reached the peak of $7.4M, and then declined significantly in the following year.
| Export of Starches; Inulin in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.6 | 0.6 | 36.2 | 3,681 | 1730.6% |
| United Kingdom | 227 | 331 | 4,251 | 133 | -16.3% |
| Sweden | 19.4 | 45.1 | 2,170 | 53.3 | 40.1% |
| Netherlands | N/A | N/A | 264 | 38.5 | -85.4% |
| Others | 20.1 | 42.5 | 727 | 27.9 | 11.5% |
| Total | 267 | 419 | 7,448 | 3,933 | 145.1% |
Top Export Markets for Starches; Inulin from Finland in 2022:
- Russia (2441.2 tons)
- United Kingdom (102.3 tons)
- Sweden (41.2 tons)
- Netherlands (29.7 tons)
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