Finland: Green Peas Market Overview 2021

Green Peas Market Size in Finland

The Finnish green peas market was finally on the rise to reach $X in 2019, after two years of decline. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Green peas consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Green Peas Production in Finland

In value terms, green peas production soared to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth remained at a somewhat lower figure.

The average yield of peas (green) in Finland declined to X tonnes per ha in 2019, waning by -X% against 2018 figures. In general, the yield saw a abrupt decline. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. Over the period under review, the average green peas yield reached the peak level at X tonnes per ha in 2007; however, from 2008 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of peas (green) production in Finland rose remarkably to X ha, picking up by X% on the previous year's figure. Over the period under review, the total harvested area indicated buoyant growth from 2007 to 2019: its figure 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. Based on 2019 figures, green peas harvested area increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to green peas production reached the maximum in 2019 and is likely to see gradual growth in the near future.

Green Peas Exports

Exports from Finland

In 2019, shipments abroad of peas (green) decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, green peas exports contracted significantly to $X in 2019. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

Exports by Country

Estonia (X tonnes) was the main destination for green peas exports from Finland, with a approx. X% share of total exports.

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

In value terms, Estonia ($X) also remains the key foreign market for green peas exports from Finland.

From 2007 to 2019, the average annual growth rate of value to Estonia amounted to -X%.

Export Prices by Country

In 2019, the average green peas export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2007 to 2019, the rate of growth in terms of prices for Estonia amounted to -X% per year.

Green Peas Imports

Imports into Finland

In 2019, imports of peas (green) into Finland surged to X tonnes, picking up by X% against the previous year. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

In value terms, green peas imports soared to $X in 2019. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Italy (X tonnes) constituted the largest supplier of green peas to Finland, with a X% share of total imports. Moreover, green peas imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tonnes), threefold. Estonia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-X% per year) and Estonia (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of green peas to Finland, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Zimbabwe (+X% per year).

Import Prices by Country

The average green peas import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018, and then shrank in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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 peas (green) in the world?

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China (13M tonnes) remains the largest green peas consuming country worldwide, comprising approx. 61% of total volume. Moreover, green peas consumption in China exceeded the figures recorded by the second-largest consumer, India (5.8M tonnes), twofold.

What are the largest producers of peas (green) in the world?

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The country with the largest volume of green peas production was China (13M tonnes), comprising approx. 61% of total volume. Moreover, green peas production in China exceeded the figures recorded by the second-largest producer, India (5.8M tonnes), twofold.

What are the leading suppliers of peas (green) to Finland?

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In value terms, Italy ($635K) constituted the largest supplier of green peas to Finland, comprising 35% of total imports. The second position in the ranking was occupied by Belgium ($247K), with a 14% share of total imports. It was followed by Zimbabwe, with a 11% share.

What are the leading importers of peas (green) from Finland?

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In value terms, Estonia ($19K) remains the key foreign market for green peas exports from Finland.

What is the average export price for peas (green) in Finland?

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In 2019, the average green peas export price amounted to $3,689 per tonne, jumping by 19% against the previous year.

What is the average import price for peas (green) in Finland?

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In 2019, the average green peas import price amounted to $4,391 per tonne, which is down by -6.6% against the previous year.