Finland: Brazil Nut Market Overview 2021

Brazil Nut Market Size in Finland

The Finnish brazil nut market dropped dramatically to $X in 2019, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018, and then dropped significantly in the following year.

Brazil Nut Exports

Exports from Finland

For the twelfth consecutive year, Finland recorded decline in shipments abroad of brazil nuts, which decreased by X% to X kg in 2019. In general, exports faced a deep downturn. Over the period under review, exports reached the maximum at X kg in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, brazil nut exports contracted to $X in 2019. Over the period under review, exports showed a abrupt contraction. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Estonia amounted to -X%.

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

From 2007 to 2019, the average annual growth rate of value to Estonia totaled -X%.

Export Prices by Country

The average brazil nut export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Estonia ($X per tonne), while the average price for exports to the Netherlands amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Estonia.

Brazil Nut Imports

Imports into Finland

In 2019, the amount of brazil nuts imported into Finland fell notably to X tonnes, which is down by -X% compared with 2018. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes, and then dropped remarkably in the following year.

In value terms, brazil nut imports soared to $X in 2019. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Lithuania (X tonnes) constituted the largest brazil nut supplier to Finland, with a X% share of total imports. Moreover, brazil nut imports from Lithuania exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from Lithuania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Estonia (+X% per year).

In value terms, Lithuania ($X) constituted the largest supplier of brazil nut to Finland, comprising X% of total imports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Lithuania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2019, the average brazil nut import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Estonia ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Estonia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brazil nuts in the world?

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The countries with the highest volumes of brazil nut consumption in 2019 were Bolivia (31K tonnes), Brazil (28K tonnes) and Ghana (20K tonnes), together accounting for 74% of global consumption. These countries were followed by Peru, Indonesia, Viet Nam and Afghanistan, which together accounted for a further 19%.

What are the largest producers of brazil nuts in the world?

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The countries with the highest volumes of brazil nut production in 2019 were Brazil (33K tonnes), Bolivia (31K tonnes) and Ghana (20K tonnes), together accounting for 76% of global production. These countries were followed by Indonesia, Peru, Afghanistan and Benin, which together accounted for a further 19%.

What are the leading suppliers of brazil nuts to Finland?

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In value terms, Lithuania ($149K) constituted the largest supplier of brazil nut to Finland, comprising 91% of total imports. The second position in the ranking was occupied by Estonia ($8.5K), with a 5.2% share of total imports.

What are the leading importers of brazil nuts from Finland?

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In value terms, Estonia ($134) remains the key foreign market for brazil nut exports from Finland, comprising 98% of total exports. The second position in the ranking was occupied by the Netherlands ($2.8), with a 2.1% share of total exports.

What is the average export price for brazil nuts in Finland?

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In 2019, the average brazil nut export price amounted to $4,893 per tonne, with a decrease of -8.1% against the previous year.

What is the average import price for brazil nuts in Finland?

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The average brazil nut import price stood at $12,177 per tonne in 2019, picking up by 111% against the previous year.