Finland: Chestnut Market Overview 2021

Chestnut Market Size in Finland

In 2019, the Finnish chestnut market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2019 and is likely to continue growth in the immediate term.

Chestnut Exports

Exports from Finland

In 2019, overseas shipments of chestnuts decreased by -X% to X kg, falling for the second year in a row after two years of growth. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X kg in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, chestnut exports fell to $X in 2019. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for chestnut exports from Finland, with a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Italy was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average chestnut export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. The export price peaked in 2019 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2019, the rate of growth in terms of prices for Italy amounted to X% per year.

Chestnut Imports

Imports into Finland

In 2019, overseas purchases of chestnuts increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the near future.

In value terms, chestnut imports skyrocketed to $X in 2019. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tonnes), China (X tonnes) and Spain (X tonnes) were the main suppliers of chestnut imports to Finland, with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced mixed trend patterns.

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

From 2012 to 2019, the average annual rate of growth in terms of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Spain (-X% per year).

Import Prices by Country

The average chestnut import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by China, 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 chestnuts in the world?

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China (3.7M tonnes) constituted the country with the largest volume of chestnut consumption, comprising approx. 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total consumption. Italy (63K tonnes) ranked third in terms of total consumption with a 1.5% share.

What are the largest producers of chestnuts in the world?

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The country with the largest volume of chestnut production was China (3.7M tonnes), accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total production.

What are the leading suppliers of chestnuts to Finland?

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In value terms, Italy ($67K) constituted the largest supplier of chestnut to Finland, comprising 59% of total imports. The second position in the ranking was occupied by China ($30K), with a 27% share of total imports.

What is the average export price for chestnuts in Finland?

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The average chestnut export price stood at $2,660 per tonne in 2019, growing by 5.1% against the previous year.

What is the average import price for chestnuts in Finland?

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In 2019, the average chestnut import price amounted to $2,627 per tonne, reducing by -12.3% against the previous year.