Finland: Green Peas Market Overview 2021

Green Peas Market Size in Finland

The Finnish green peas market surged to $X in 2020, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Green Peas Production in Finland

In value terms, green peas production skyrocketed to $X in 2020 estimated in export prices. Overall, the total production indicated a notable expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2012 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

In 2020, the average yield of peas (green) in Finland dropped to X tonnes per ha, falling by -X% compared with 2019 figures. Over the period under review, the yield continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, the average green peas yield reached the maximum level at X tonnes per ha in 2007; however, from 2008 to 2020, 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 2020, approx. X ha of peas (green) were harvested in Finland; with an increase of X% on the previous year. Overall, the harvested area continues to indicate resilient growth. The growth pace was the most rapid in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the peak figure in 2020 and is expected to retain growth in the immediate term.

Green Peas Exports

Exports from Finland

In 2020, exports of peas (green) from Finland dropped dramatically to X tonnes, with a decrease of -X% against the previous year. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, green peas exports reduced notably to $X in 2020. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

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 2020, the average annual growth rate 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 2020, the average annual growth rate of value to Estonia totaled -X%.

Export Prices by Country

In 2020, the average green peas export price amounted to $X per tonne, jumping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, 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 2020, the rate of growth in terms of prices for Estonia amounted to +X% per year.

Green Peas Imports

Imports into Finland

In 2020, the amount of peas (green) imported into Finland plummeted to X tonnes, shrinking by -X% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, green peas imports skyrocketed to $X in 2020. In general, total imports indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Belgium (X tonnes), Denmark (X tonnes) and Sweden (X tonnes) were the main suppliers of green peas imports to Finland, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Sweden, while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Belgium stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Zimbabwe (+X% per year).

Import Prices by Country

In 2020, the average green peas import price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (green) in the world?

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China (14M tonnes) constituted the country with the largest volume of green peas consumption, accounting for 61% of total volume. Moreover, green peas consumption in China exceeded the figures recorded by the second-largest consumer, India (6M tonnes), twofold.

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

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China (14M tonnes) constituted the country with the largest volume of green peas production, accounting for 61% of total volume. Moreover, green peas production in China exceeded the figures recorded by the second-largest producer, India (6M tonnes), twofold.

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

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In value terms, Belgium ($492K) constituted the largest supplier of green peas to Finland, comprising 38% of total imports. The second position in the ranking was occupied by Denmark ($211K), with a 16% share of total imports. It was followed by Zimbabwe, with a 12% share.

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

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In value terms, Estonia ($7.2K) 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 2020, the average green peas export price amounted to $4,171 per tonne, increasing by 43% against the previous year.

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

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The average green peas import price stood at $5,867 per tonne in 2020, rising by 70% against the previous year.