Finland: Hazelnut Market Overview 2021

Hazelnut Market Size in Finland

In 2019, the Finnish hazelnut market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Hazelnut consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Hazelnut Production in Finland

In value terms, hazelnut production contracted modestly to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2019, production growth remained at a lower figure.

In 2019, the average yield of hazelnuts in Finland totaled X kg per ha, approximately reflecting the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of hazelnuts were harvested in Finland; standing approx. at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Hazelnut Exports

Exports from Finland

In 2019, approx. X tonnes of hazelnuts were exported from Finland; which is down by -X% compared with 2018. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, hazelnut exports shrank to $X in 2019. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Denmark (X tonnes) was the main destination for hazelnut exports from Finland, accounting for a X% share of total exports. Moreover, hazelnut exports to Denmark exceeded the volume sent to the second major destination, Estonia (X kg), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Denmark stood at +X%.

In value terms, Denmark ($X) and Estonia ($X) were the largest markets for hazelnut exported from Finland worldwide, with a combined X% share of total exports.

Estonia recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average hazelnut export price stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Estonia ($X per tonne), while the average price for exports to Denmark stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Estonia.

Hazelnut Imports

Imports into Finland

For the third consecutive year, Finland recorded decline in purchases abroad of hazelnuts, which decreased by -X% to X kg in 2019. In general, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, hazelnut imports shrank modestly to $X in 2019. Over the period under review, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.

Imports by Country

Turkey (X kg), Sweden (X kg) and the Netherlands (X kg) were the main suppliers of hazelnut imports to Finland, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey, while imports for the other leaders experienced a decline.

In value terms, Turkey ($X), Sweden ($X) and the Netherlands ($X) constituted the largest hazelnut suppliers to Finland, with a combined X% share of total imports.

Turkey saw 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 a decline.

Import Prices by Country

In 2019, the average hazelnut import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, import price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?

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Turkey (775K tonnes) constituted the country with the largest volume of hazelnut consumption, accounting for 68% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy (103K tonnes), eightfold. The third position in this ranking was occupied by China (59K tonnes), with a 5.2% share.

What are the largest producers of hazelnuts in the world?

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The country with the largest volume of hazelnut production was Turkey (776K tonnes), accounting for 68% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy (99K tonnes), eightfold. China (59K tonnes) ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of hazelnuts to Finland?

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In value terms, Turkey ($100), Sweden ($85) and the Netherlands ($21) were the largest hazelnut suppliers to Finland, together comprising 89% of total imports.

What are the leading importers of hazelnuts from Finland?

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In value terms, the largest markets for hazelnut exported from Finland were Denmark ($5.1K) and Estonia ($3.2K), with a combined 100% share of total exports.

What is the average export price for hazelnuts in Finland?

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The average hazelnut export price stood at $5,768 per tonne in 2019, waning by -4.8% against the previous year.

What is the average import price for hazelnuts in Finland?

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In 2019, the average hazelnut import price amounted to $5,204 per tonne, surging by 43% against the previous year.