Finland: Canned Vegetable Market 2024

Canned Vegetable Market Size in Finland

For the third consecutive year, the Finnish canned vegetable market recorded growth in sales value, which increased by 4.8% to $X in 2022. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Canned vegetable consumption peaked in 2022 and is expected to retain growth in the near future.

Canned Vegetable Production in Finland

In value terms, canned vegetable production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by 317%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Canned Vegetable Exports

Exports from Finland

In 2022, approx. X tons of canned vegetables were exported from Finland; dropping by -26.8% on the previous year's figure. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports contracted rapidly to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons), Sweden (X tons) and Russia (X tons) were the main destinations of canned vegetable exports from Finland, together accounting for 93% of total exports. Denmark, Norway, Latvia and Lithuania lagged somewhat behind, together comprising a further 6%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +146.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), Estonia ($X) and Denmark ($X) were the largest markets for canned vegetable exported from Finland worldwide, together accounting for 92% of total exports.

Among the main countries of destination, Denmark, with a CAGR of +166.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, surging by 3.8% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned vegetable export price increased by +103.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 30%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Russia ($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 (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Finland

Canned vegetable imports into Finland rose markedly to X tons in 2022, increasing by 12% on the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, canned vegetable imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X tons), Sweden (X tons) and Spain (X tons) were the main suppliers of canned vegetable imports to Finland, together comprising 68% of total imports. The Netherlands, Greece, Belgium, France, Germany, Poland, Estonia and China lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Italy ($X) and Spain ($X) were the largest canned vegetable suppliers to Finland, with a combined 65% share of total imports. Greece, the Netherlands, Belgium, France, Germany, Estonia, Poland and China lagged somewhat behind, together comprising a further 28%.

Poland, with a CAGR of +21.0%, recorded the highest rates of growth with regard to 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

In 2022, the average canned vegetable import price amounted to $X per ton, falling by -7.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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