Finland - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 26, 2024

Finland - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights

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Sweet Potato Price in Finland - 2023

Contents:

  1. Sweet Potato Price in Finland (CIF) - 2023
  2. Sweet Potato Price in Finland (FOB) - 2022
  3. Sweet Potato Imports in Finland
  4. Sweet Potato Exports in Finland

Sweet Potato Price in Finland (CIF) - 2023

In June 2023, the average sweet potato import price amounted to $1,447 per ton, shrinking by -4% against the previous month. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices attained the peak figure at $1,889 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2,182 per ton), while the price for Spain ($1,046 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Sweet Potato Price in Finland (FOB) - 2022

In 2022, the average sweet potato export price amounted to $3,507 per ton, surging by 6% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2019 an increase of 42% against the previous year. The export price peaked at $4,857 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2016 to 2022, the rate of growth in terms of prices for Estonia amounted to -1.2% per year.

Sweet Potato Imports in Finland

For the third year in a row, Finland recorded decline in supplies from abroad of sweet potatoes, which decreased by -2.1% to 4K tons in 2022. Overall, imports continue to indicate a deep slump.

In value terms, sweet potato imports shrank notably to $5.1M in 2022. Over the period under review, imports saw a deep setback. The smallest decline of -9.4% was in 2020.

Import of Sweet Potato in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.54.54.12.6-16.7%
Netherlands1.61.31.20.8-20.6%
Belgium1.01.00.80.7-11.2%
Spain0.70.60.60.6-5.0%
PortugalN/AN/A0.10.10.0%
Egypt0.90.50.10.1-51.9%
Others0.10.10.30.10.0%
Total8.88.07.25.1-16.6%

Top Suppliers of Sweet Potato to Finland in 2022:

  1. United States (2287.9 tons)
  2. Netherlands (727.3 tons)
  3. Belgium (416.0 tons)
  4. Spain (319.8 tons)
  5. Egypt (99.3 tons)
  6. Portugal (81.9 tons)

Sweet Potato Exports in Finland

In 2022, approx. 4.3 tons of sweet potatoes were exported from Finland; which is down by -56.1% against the year before. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 256%.

In value terms, sweet potato exports dropped dramatically to $15K in 2022. Overall, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 143%.

Export of Sweet Potato in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia47.513.432.615.2-31.6%
OthersN/AN/AN/AN/A0%
Total47.513.432.615.2-31.6%

Top Export Markets for Sweet Potato from Finland in 2022:

  1. Estonia (4.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sweet potato market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 122 - Sweet potatoes

Country coverage:

  • Finland

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Finland
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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