Finland: Beet-Pulp And Bagasse Market 2023

Beet-Pulp And Bagasse Market Size in Finland

In 2021, the Finnish beet-pulp and bagasse market decreased by -64.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt decline. Beet-pulp and bagasse consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Finland

In value terms, beet-pulp and bagasse production reduced markedly to $X in 2021 estimated in export price. In general, production, however, recorded a strong expansion. The growth pace was the most rapid in 2013 when the production volume increased by 498%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports from Finland

In 2021, approx. X tons of beet-pulp and bagasse were exported from Finland; reducing by -68.9% against the previous year. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 176%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, beet-pulp and bagasse exports declined significantly to $X in 2021. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 854% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for beet-pulp and bagasse exports from Finland, accounting for a 83% share of total exports. Moreover, beet-pulp and bagasse exports to Belgium exceeded the volume sent to the second major destination, Latvia (X tons), sevenfold. Turkey (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +116.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-11.0% per year) and Turkey (+30.8% per year).

In value terms, Belgium ($X) emerged as the key foreign market for beet-pulp and bagasse exports from Finland, comprising 79% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by Latvia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+28.2% per year) and Latvia (-9.6% per year).

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2021, dropping by -9.8% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 688% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Finland

In 2021, supplies from abroad of beet-pulp and bagasse decreased by -47.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 44%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, beet-pulp and bagasse imports shrank sharply to $X in 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 80%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) was the main supplier of beet-pulp and bagasse to Finland, accounting for a 96% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+187.4% per year) and Germany (-53.4% per year).

In value terms, Russia ($X) constituted the largest supplier of beet-pulp and bagasse to Finland, comprising 89% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by Germany, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+118.1% per year) and Germany (-40.9% per year).

Import Prices by Country

In 2021, the average beet-pulp and bagasse import price amounted to $X per ton, reducing by -42.2% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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