Finland: Avocado Market Overview 2021

Avocado Market Size in Finland

In 2019, the Finnish avocado market decreased by -X% to $X, falling for the second consecutive year after eleven years of growth. Over the period under review, consumption, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Avocado consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Avocado Exports

Exports from Finland

In 2019, overseas shipments of avocados decreased by -X% to X tonnes, falling for the third year in a row after four years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, avocado exports shrank slightly to $X in 2019. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for avocado exports from Finland, accounting for a X% share of total exports. Moreover, avocado exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tonnes), sixfold. The third position in this ranking was occupied by Sweden (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (+X% per year).

Export Prices by Country

The average avocado export price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Finland

In 2019, purchases abroad of avocados decreased by -X% to X tonnes, falling for the second consecutive year after eleven years of growth. In general, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, avocado imports contracted to $X in 2019. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

The Netherlands (X tonnes), Chile (X tonnes) and Denmark (X tonnes) were the main suppliers of avocado imports to Finland, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark, while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Peru ($X) and Chile ($X) were the largest avocado suppliers to Finland, together accounting for X% of total imports. Denmark, Brazil, Spain, South Africa and Germany lagged somewhat behind, together comprising a further X the main suppliers, Denmark saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average avocado import price amounted to $X per tonne, declining by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2018, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was South Africa ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

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The countries with the highest volumes of avocado consumption in 2019 were the U.S. (1.2M tonnes), Mexico (1.1M tonnes) and the Dominican Republic (626K tonnes), with a combined 41% share of global consumption. These countries were followed by Colombia, Indonesia, Brazil, Haiti, Peru, Kenya, China, France, Guatemala and Venezuela, which together accounted for a further 33%.

What are the largest producers of avocados in the world?

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The country with the largest volume of avocado production was Mexico (2.3M tonnes), comprising approx. 33% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (662K tonnes), threefold. Peru (536K tonnes) ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of avocados to Finland?

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In value terms, the largest avocado suppliers to Finland were the Netherlands ($4.7M), Peru ($4.4M) and Chile ($4.3M), together accounting for 50% of total imports. These countries were followed by Denmark, Brazil, Spain, South Africa and Germany, which together accounted for a further 46%.

What are the leading importers of avocados from Finland?

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In value terms, the Netherlands ($200K) remains the key foreign market for avocado exports from Finland, comprising 72% of total exports. The second position in the ranking was occupied by Spain ($51K), with a 18% share of total exports. It was followed by Sweden, with a 5% share.

What is the average export price for avocados in Finland?

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In 2019, the average avocado export price amounted to $4,651 per tonne, increasing by 13% against the previous year.

What is the average import price for avocados in Finland?

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The average avocado import price stood at $3,491 per tonne in 2019, shrinking by -5.4% against the previous year.