Finland: Cereal Flour Market Overview 2020

Cereal Flour Market Size in Finland

For the fifth year in a row, Finland recorded decline in market value of cereal flours, which decreased by -X% to $X in 2018. Overall, cereal flour consumption saw a mild reduction. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. In that year, the cereal flour market reached its peak level of $X. From 2009 to 2018, the growth of the cereal flour market remained at a lower figure.

Cereal Flour Production in Finland

In value terms, cereal flour production reduced to $X in 2018 estimated in export prices. In general, cereal flour production recorded a mild deduction. The pace of growth appeared the most rapid in 2008 when production volume increased by X% year-to-year. In that year, cereal flour production attained its peak level of $X. From 2009 to 2018, cereal flour production growth remained at a lower figure.

Cereal Flour Exports

Exports from Finland

For the fifth year in a row, from Finland recorded decline in exports of cereal flours, which decreased by -X% to X tonnes in 2018. In general, cereal flour exports recorded a moderate slump. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Finland exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, cereal flour exports declined rapidly to $X in 2018. Over the period under review, cereal flour exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Finland exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Turkey (X tonnes) and Kazakhstan (X tonnes) were the largest exporters of cereal floursacross the globe, together finishing at approx. X% of total exports. It was distantly followed by Germany (X tonnes), generating a X% share of total exports. Argentina (X tonnes), Pakistan (X tonnes), Belgium (X tonnes), Egypt (X tonnes), the U.S. (X tonnes), France (X tonnes), Uzbekistan (X tonnes), Mexico (X tonnes) and Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest cereal flour supplier from Finland, comprising X% of global exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In Turkey, cereal flour exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Germany (+X% per year).

Export Prices by Country

The cereal flour export price in Finland stood at $X per tonne in 2018, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% against the previous year. In that year, the export prices for cereal flours attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the export prices for cereal flours remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Cereal Flour Imports

Imports into Finland

After two years of growth, the imports of cereal flours decreased by -X% into Finland to X tonnes in 2018. Over the period under review, cereal flour imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Finland imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, cereal flour imports amounted to $X in 2018. Over the period under review, the total imports indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cereal flour imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, cereal flour imports hit record highs at $X in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan (X tonnes) and Iraq (X tonnes) were the key importers of cereal flours in 2018, resulting at approx. X% and X% of total imports, respectively. Uzbekistan (X tonnes), the Netherlands (X tonnes), Angola (X tonnes), the U.S. (X tonnes), Syrian Arab Republic (X tonnes), France (X tonnes), Brazil (X tonnes), Guinea (X tonnes), Bolivia (X tonnes) and Somalia (X tonnes) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea, while imports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Afghanistan ($X) and the U.S. ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. The Netherlands, France, Angola, Guinea, Brazil, Syrian Arab Republic, Uzbekistan, Bolivia and Somalia lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cereal flour import price in Finland amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the import price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cereal flour import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for cereal flours attained their peak figure at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Uzbekistan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform