Finland - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTomato Ketchup Price in Finland - 2023
Contents:
- Tomato Ketchup Price in Finland (CIF) - 2023
- Tomato Ketchup Price in Finland (FOB) - 2023
- Tomato Ketchup Imports in Finland
- Tomato Ketchup Exports in Finland
Tomato Ketchup Price in Finland (CIF) - 2023
In August 2023, the average tomato ketchup import price amounted to $2,252 per ton, falling by -7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.7%. The pace of growth appeared the most rapid in July 2023 an increase of 12% m-o-m. As a result, import price attained the peak level of $2,422 per ton, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($3,343 per ton), while the price for Sweden ($1,382 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 Portugal (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tomato Ketchup Price in Finland (FOB) - 2023
The average tomato ketchup export price stood at $2,053 per ton in August 2023, with an increase of 13% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in October 2022 an increase of 21% m-o-m. The export price peaked in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($2,398 per ton), while the average price for exports to Denmark ($1,498 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Tomato Ketchup Imports in Finland
In 2022, supplies from abroad of tomato ketchup and tomato sauces decreased by -10.6% to 16K tons, falling for the second year in a row after two years of growth. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of 19K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, tomato ketchup imports stood at $30M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 8.6% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Tomato Ketchup in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.5 | 10.9 | 12.3 | 11.3 | 6.0% |
| Sweden | 5.4 | 6.4 | 6.0 | 6.4 | 5.8% |
| Italy | 3.2 | 4.0 | 4.1 | 4.4 | 11.2% |
| Belgium | 1.6 | 1.8 | 1.8 | 1.9 | 5.9% |
| Portugal | 0.8 | 1.2 | 1.1 | 1.2 | 14.5% |
| Germany | 2.2 | 1.7 | 1.4 | 1.2 | -18.3% |
| Turkey | 0.7 | 0.4 | 0.5 | 0.7 | 0.0% |
| Ukraine | 0.7 | 0.6 | 0.6 | 0.1 | -47.7% |
| Others | 2.9 | 2.3 | 2.4 | 3.0 | 1.1% |
| Total | 27.0 | 29.4 | 30.1 | 30.1 | 3.7% |
Top Suppliers of Tomato Ketchup to Finland in 2022:
- Netherlands (6.1K tons)
- Sweden (3.8K tons)
- Italy (1.5K tons)
- Portugal (0.9K tons)
- Belgium (0.9K tons)
- Turkey (0.8K tons)
- Germany (0.8K tons)
- Ukraine (0.1K tons)
Tomato Ketchup Exports in Finland
In 2022, after three years of growth, there was significant decline in overseas shipments of tomato ketchup and tomato sauces, when their volume decreased by -57.1% to 546 tons. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year.
In value terms, tomato ketchup exports declined sharply to $1.1M in 2022. Overall, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of $1.8M, and then fell notably in the following year.
| Export of Tomato Ketchup in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 484 | 584 | 501 | 467 | -1.2% |
| Lithuania | N/A | N/A | 201 | 228 | 13.4% |
| Russia | 519 | 488 | 869 | 127 | -37.5% |
| Sweden | 124 | 134 | 177 | 104 | -5.7% |
| Latvia | 62.8 | 65.7 | 70.1 | 73.1 | 5.2% |
| Denmark | 16.1 | N/A | 3.8 | 50.1 | 46.0% |
| Norway | N/A | 4.3 | 0.9 | 15.5 | 89.9% |
| Others | 14.5 | 16.1 | 24.6 | 8.1 | -17.6% |
| Total | 1,220 | 1,292 | 1,847 | 1,074 | -4.2% |
Top Export Markets for Tomato Ketchup from Finland in 2022:
- Estonia (217.3 tons)
- Russia (104.2 tons)
- Lithuania (83.2 tons)
- Latvia (53.3 tons)
- Denmark (45.0 tons)
- Sweden (29.8 tons)
- Norway (11.6 tons)
This report provides an in-depth analysis of the tomato ketchup 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:
- Prodcom 10841230 - Tomato ketchup and other tomato sauces
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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