Finland: Canned Pineapple Market 2024

Canned Pineapple Market Size in Finland

In 2022, the Finnish canned pineapple market increased by 27% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Canned Pineapple Exports

Exports from Finland

Canned pineapple exports from Finland shrank markedly to X tons in 2022, reducing by -18% compared with the year before. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of 140%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, canned pineapple exports fell slightly to $X in 2022. In general, exports saw a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 142%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for canned pineapple exports from Finland, accounting for a 87% share of total exports. Moreover, canned pineapple exports to Estonia exceeded the volume sent to the second major destination, Russia (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Estonia stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-22.1% per year) and Sweden (-6.3% per year).

In value terms, Estonia ($X) remains the key foreign market for canned pineapples exports from Finland, comprising 90% of total exports. The second position in the ranking was held by Russia ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-19.9% per year) and Sweden (-3.1% per year).

Export Prices by Country

The average canned pineapple export price stood at $X per ton in 2022, with an increase of 19% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned pineapple export price increased by +24.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Thailand (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

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Canned Pineapple Imports

Imports into Finland

In 2022, purchases abroad of canned pineapples increased by 25% to X tons, rising for the third consecutive year after four years of decline. In general, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, canned pineapple imports surged to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.5% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Thailand (X tons) and the Philippines (X tons) were the main suppliers of canned pineapple imports to Finland, with a combined 87% 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 the Philippines (with a CAGR of +7.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest canned pineapple suppliers to Finland were Indonesia ($X), Thailand ($X) and the Philippines ($X), together accounting for 85% of total imports.

The Philippines, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average canned pineapple import price stood at $X per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Kenya ($X per ton) and the Philippines ($X per ton), while the price for Indonesia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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