Finland: Cherry Market Overview 2021

Cherry Market Size in Finland

The Finnish cherry market amounted to $X in 2019, growing 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). Over the period under review, consumption enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the near future.

Cherry Exports

Exports from Finland

In 2019, after two years of decline, there was significant growth in shipments abroad of cherries, when their volume increased by X% to X tonnes. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, cherry exports skyrocketed to $X in 2019. Overall, exports posted a remarkable increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tonnes), Estonia (X tonnes) and the Netherlands (X kg) were the main destinations of cherry exports from Finland, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the Netherlands (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Estonia ($X) and Belgium ($X) appeared to be the largest markets for cherry exported from Finland worldwide, together comprising X% of total exports.

The Netherlands (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cherry export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price saw measured growth. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Finland

In 2019, the amount of cherries imported into Finland amounted to X tonnes, growing by X% against 2018. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, cherry imports expanded remarkably to $X in 2019. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

Spain (X tonnes), Greece (X tonnes) and Turkey (X tonnes) were the main suppliers of cherry imports to Finland, with a combined X% share of total imports. Italy, Germany, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Greece ($X) and Turkey ($X) were the largest cherry suppliers to Finland, together comprising X% of total imports. These countries were followed by Italy, the Netherlands, Belgium and Germany, which together accounted for a further X recorded the highest growth rate of 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

In 2019, the average cherry import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?

+

The country with the largest volume of cherry consumption was Turkey (584K tonnes), accounting for 22% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the U.S. (251K tonnes), twofold. The third position in this ranking was occupied by China (230K tonnes), with a 8.7% share.

What are the largest producers of cherries in the world?

+

The countries with the highest volumes of cherry production in 2019 were Turkey (664K tonnes), Chile (412K tonnes) and the U.S. (321K tonnes), with a combined 50% share of global production.

What are the leading suppliers of cherries to Finland?

+

In value terms, Spain ($1.9M) constituted the largest supplier of cherry to Finland, comprising 39% of total imports. The second position in the ranking was occupied by Turkey ($871K), with a 18% share of total imports. It was followed by Greece, with a 9.2% share.

What are the leading importers of cherries from Finland?

+

In value terms, the Netherlands ($3.6K), Estonia ($3.6K) and Belgium ($3.2K) constituted the largest markets for cherry exported from Finland worldwide, together accounting for 100% of total exports.

What is the average export price for cherries in Finland?

+

The average cherry export price stood at $4,479 per tonne in 2019, declining by -6.8% against the previous year.

What is the average import price for cherries in Finland?

+

The average cherry import price stood at $3,354 per tonne in 2019, with a decrease of -24.1% against the previous year.