Finland: Nuts Market 2024

Nuts Market Size in Finland

After three years of growth, the Finnish nuts market decreased by X% to $X in 2022. Over the period under review, consumption recorded a perceptible shrinkage. Nuts consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Nuts Production in Finland

In value terms, nuts production stood at less than $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with a decrease of X%. Nuts production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average nuts yield in Finland stood at less than X kg per ha, remaining stable against 2021. Overall, the yield showed 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 2022, approx. less than X ha of nuts were harvested in Finland; remaining stable against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Nuts Exports

Exports from Finland

In 2022, nuts exports from Finland rose to X tons, with an increase of X% compared with the previous year. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, nuts exports fell to $X in 2022. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for nuts exports from Finland, with a X% share of total exports. Moreover, nuts exports to Estonia exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X.7% per year).

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

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

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Nuts Imports

Imports into Finland

After three years of growth, overseas purchases of nuts decreased by X% to X tons in 2022. Overall, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, nuts imports shrank notably to $X in 2022. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of nuts to Finland, accounting for a X% share of total imports. Moreover, nuts imports from Lithuania exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the largest nuts suppliers to Finland were Lithuania ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Sweden, Estonia, Poland, Belgium, Chile and the United States lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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