Finland: Barley Market 2024

Barley Market Size in Finland

The Finnish barley market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a mild descent. Barley consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Barley Production in Finland

In value terms, barley production dropped to $X in 2022 estimated in export price. In general, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Barley production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of barley in Finland skyrocketed to X tons per ha in 2022, surging by X% compared with the previous year. Overall, the yield, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average barley yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of barley production in Finland was estimated at X ha, stabilizing at the previous year. Over the period under review, the harvested area, however, recorded a mild descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to barley production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Barley Exports

Exports from Finland

In 2022, shipments abroad of barley decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, barley exports declined dramatically to $X in 2022. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for barley exports from Finland, with a X% share of total exports. Moreover, barley exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Norway (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for barley exports from Finland, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average barley export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a perceptible descent. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Poland ($X 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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Barley Imports

Imports into Finland

In 2022, purchases abroad of barley increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, barley imports surged to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Estonia (X tons) and Denmark (X tons) were the main suppliers of barley imports to Finland, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest barley suppliers to Finland were Germany ($X), Estonia ($X) and Denmark ($X), together comprising X% of total imports.

Estonia, 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 barley import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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