Finland: Asparagus Market 2022

Asparagus Market Size in Finland

The Finnish asparagus market surged to $X in 2021, jumping by X% against the previous year. Overall, consumption recorded buoyant growth. Asparagus consumption peaked in 2021 and is expected to retain growth in years to come.

Asparagus Production in Finland

In value terms, asparagus production surged to $X in 2021 estimated in export prices. Over the period under review, production continues to indicate a mild expansion. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of asparagus in Finland soared to X kg per ha, increasing by X% on the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average asparagus yield reached the maximum level at X kg per ha in 2019; however, from 2020 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the asparagus harvested area in Finland expanded rapidly to X ha, with an increase of X% against the previous year's figure. Over the period under review, the total harvested area indicated a noticeable increase from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, asparagus harvested area increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to asparagus production reached the maximum in 2021 and is likely to see gradual growth in the near future.

Asparagus Exports

Exports from Finland

In 2021, the amount of asparagus exported from Finland skyrocketed to X tonnes, increasing by X% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, asparagus exports rose rapidly to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Estonia (X tonnes) was the main destination for asparagus exports from Finland, with a X% share of total exports. Moreover, asparagus exports to Estonia exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Estonia stood at +X%.

In value terms, Estonia ($X) remains the key foreign market for asparagus exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +X%.

Export Prices by Country

In 2021, the average asparagus export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Estonia amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%).

Asparagus Imports

Imports into Finland

In 2021, the amount of asparagus imported into Finland rose significantly to X tonnes, increasing by X% against the previous year. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, asparagus imports soared to $X in 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tonnes), Belgium (X tonnes) and the Netherlands (X tonnes) were the main suppliers of asparagus imports to Finland, together comprising X% of total imports. These countries were followed by Germany, Hungary and Italy, which together accounted for a further X 2012 to 2021, the biggest increases were in Italy (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest asparagus suppliers to Finland were Spain ($X), the Netherlands ($X) and Belgium ($X), together accounting for X% of total imports. These countries were followed by Germany, Hungary and Italy, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2021, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform