Finland: Crispbread Market 2023

Crispbread Market Size in Finland

The Finnish crispbread market shrank significantly to $X in 2021, with a decrease of -30% against the previous year. In general, consumption recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Crispbread Production in Finland

In value terms, crispbread production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 89% against the previous year. Crispbread production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports from Finland

In 2021, crispbread exports from Finland expanded sharply to X tons, increasing by 7.7% against the year before. Over the period under review, exports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 58% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports stood at $X in 2021. In general, exports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for crispbread exports from Finland, with a 56% share of total exports. Moreover, crispbread exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was held by Russia (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and Russia (-8.3% per year).

In value terms, Sweden ($X) remains the key foreign market for crispbread exports from Finland, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Russia, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.7% per year) and Russia (-8.6% per year).

Export Prices by Country

In 2021, the average crispbread export price amounted to $X per ton, dropping by -2.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Finland

In 2021, approx. X tons of crispbread were imported into Finland; with a decrease of -19% on the year before. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 34%. Over the period under review, imports hit record highs at X tons in 2020, and then reduced markedly in the following year.

In value terms, crispbread imports reduced to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of crispbread to Finland, accounting for a 82% share of total imports. Moreover, crispbread imports from Sweden exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.4% per year) and Germany (+1.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of crispbread to Finland, comprising 84% of total imports. The second position in the ranking was held by Germany ($X), with a 7.2% share of total imports. It was followed by the UK, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and the UK (-11.1% per year).

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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