Finland - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWheat Price in Finland - 2023
Contents:
- Wheat Price in Finland (FOB) - 2022
- Wheat Price in Finland (CIF) - 2023
- Wheat Exports in Finland
- Wheat Imports in Finland
Wheat Price in Finland (FOB) - 2022
The average wheat export price stood at $399 per ton in 2022, increasing by 41% against the previous year. Overall, the export price posted a temperate increase. The growth pace was the most rapid in 2019 an increase of 86% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($399 per ton), while the average price for exports to the UK ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.4%), while the prices for the other major destinations experienced a decline.
Wheat Price in Finland (CIF) - 2023
In June 2023, the average wheat import price amounted to $650 per ton, jumping by 18% against the previous month. Over the period under review, import price indicated a measured expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, wheat import price decreased by -7.1% against April 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 91% m-o-m. As a result, import price reached the peak level of $932 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($773 per ton), while the price for Denmark totaled $483 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Wheat Exports in Finland
In 2022, approx. 51K tons of wheat were exported from Finland; jumping by 42% compared with 2021 figures. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 299%. As a result, the exports reached the peak of 153K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, wheat exports surged to $20M in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 151% against the previous year. As a result, the exports attained the peak of $33M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Wheat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | 20.2 | 0% |
| Norway | 0.2 | 2.3 | 1.8 | 0.1 | -20.6% |
| Spain | N/A | 4.4 | N/A | N/A | 0% |
| Morocco | 6.2 | 7.5 | N/A | N/A | 21.0% |
| Poland | N/A | 3.8 | N/A | N/A | 0% |
| South Africa | N/A | 4.7 | N/A | N/A | 0% |
| Netherlands | 3.2 | 4.4 | 3.9 | N/A | 10.4% |
| Others | 3.5 | 5.6 | 4.4 | 0.1 | -69.4% |
| Total | 13.0 | 32.8 | 10.1 | 20.3 | 16.0% |
Top Export Markets for Wheat from Finland in 2022:
- Nigeria (50.6K tons)
- Norway (0.2K tons)
Wheat Imports in Finland
Wheat imports into Finland soared to 79K tons in 2022, growing by 689% against the previous year's figure. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wheat imports skyrocketed to $33M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wheat in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | 0.8 | 12.4 | 1450.0% |
| Poland | 0.1 | 0.1 | N/A | 9.4 | 354.7% |
| Lithuania | N/A | N/A | N/A | 4.8 | 0% |
| Sweden | N/A | N/A | 0.1 | 3.4 | 3300.0% |
| Belgium | N/A | N/A | 2.3 | 2.0 | -13.0% |
| Kazakhstan | 1.1 | 0.5 | N/A | 0.7 | -14.0% |
| France | 1.1 | 1.0 | N/A | N/A | -9.1% |
| Others | 2.0 | 0.2 | 0.2 | 0.2 | -53.6% |
| Total | 4.4 | 1.8 | 3.5 | 33.0 | 95.7% |
Top Suppliers of Wheat to Finland in 2022:
- Estonia (37.1K tons)
- Poland (22.4K tons)
- Lithuania (11.9K tons)
- Sweden (3.3K tons)
- Belgium (2.8K tons)
- Kazakhstan (1.5K tons)
This report provides an in-depth analysis of the wheat 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 15 - Wheat
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
627
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
804
This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
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Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
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The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in
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