Finland: Malt Market 2024

Malt Market Size in Finland

The Finnish malt market dropped to $X in 2022, reducing by X% against the previous year. Overall, consumption saw a abrupt slump. The growth pace was the most rapid in 2021 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Malt Production in Finland

In value terms, malt production declined modestly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Malt production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Malt Exports

Exports from Finland

In 2022, the amount of malt (not roasted) exported from Finland skyrocketed to X tons, jumping by X% against 2021 figures. In general, exports, however, continue to indicate a noticeable curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, malt exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a mild curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for malt exports from Finland, accounting for a X% share of total exports. Moreover, malt exports to Japan exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and South Korea (X% per year).

In value terms, Japan ($X) remains the key foreign market for malt (not roasted) exports from Finland, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and South Korea (X% per year).

Export Prices by Country

The average malt export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Finland

In 2022, the amount of malt (not roasted) imported into Finland surged to X tons, increasing by X% on 2021. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, malt imports surged to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X tons), Lithuania (X tons) and Belgium (X tons) were the main suppliers of malt imports to Finland, together comprising X% of total imports. Estonia, Germany, Poland and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt suppliers to Finland were Sweden ($X), Lithuania ($X) and Germany ($X), together accounting for X% of total imports. Belgium, Estonia, Poland and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Estonia, with a CAGR of X%, recorded 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 2022, the average malt import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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