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Finland - Honey - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Honey Market Overview 2021

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Honey Market Size in Finland

In 2019, after three years of growth, there was significant decline in the Finnish honey market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Honey consumption peaked at $X in 2018, and then dropped markedly in the following year.

Honey Production in Finland

In value terms, honey production contracted sharply to $X in 2019 estimated in export prices. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Honey production peaked at $X in 2018, and then fell notably in the following year.

Honey Exports

Exports from Finland

Honey exports from Finland surged to X tonnes in 2019, picking up by X% against 2018. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, honey exports soared to $X in 2019. In general, exports posted a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

Estonia (X tonnes) was the main destination for honey exports from Finland, with a X% share of total exports. Moreover, honey exports to Estonia exceeded the volume sent to the second major destination, Japan (X tonnes), fivefold. The third position in this ranking was occupied by France (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and France (X% per year).

In value terms, Estonia ($X) remains the key foreign market for honey exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and France (X% per year).

Export Prices by Country

In 2019, the average honey export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, export price indicated a temperate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, honey export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Estonia ($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 Hong Kong SAR, while the prices for the other major destinations experienced mixed trend patterns.

Honey Imports

Imports into Finland

In 2019, overseas purchases of honey decreased by -X% to X tonnes, falling for the second year in a row after six years of growth. In general, total imports indicated resilient growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, honey imports reduced to $X in 2019. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest honey supplier to Finland, with a X% share of total imports. Moreover, honey imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), threefold. The third position in this ranking was occupied by Argentina (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Argentina (-X% per year).

In value terms, Germany ($X), Denmark ($X) and Belgium ($X) constituted the largest honey suppliers to Finland, together comprising X% of total imports. Argentina, Spain and Italy lagged somewhat behind, together comprising a further X the main suppliers, Italy saw the highest growth rate of the value of imports, 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 honey import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honey in the world?
+
The countries with the highest volumes of honey consumption in 2019 were China (330K tonnes), the U.S. (252K tonnes) and Turkey (104K tonnes), together comprising 36% of global consumption. Canada, Iran, Germany, Russia, Ethiopia, the UK, Japan, France, Spain and Mexico lagged somewhat behind, together accounting for a further 30%.
What are the largest producers of honey in the world?
+
The country with the largest volume of honey production was China (444K tonnes), accounting for 23% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. The third position in this ranking was occupied by Canada (80K tonnes), with a 4.2% share.
What are the leading suppliers of honey to Finland?
+
In value terms, Germany ($3.8M), Denmark ($2M) and Belgium ($1.1M) constituted the largest honey suppliers to Finland, together accounting for 79% of total imports. Argentina, Spain and Italy lagged somewhat behind, together comprising a further 14%.
What are the leading importers of honey from Finland?
+
In value terms, Estonia ($141K) remains the key foreign market for honey exports from Finland, comprising 66% of total exports. The second position in the ranking was occupied by Japan ($50K), with a 24% share of total exports. It was followed by France, with a 5.5% share.
What is the average export price for honey in Finland?
+
The average honey export price stood at $5,771 per tonne in 2019, dropping by -15.1% against the previous year.
What is the average import price for honey in Finland?
+
The average honey import price stood at $4,686 per tonne in 2019, waning by -12% against the previous year.

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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