Finland: Rice Market 2022

Rice Exports

Exports from Finland

In 2021, after two years of growth, there was decline in overseas shipments of rice, when their volume decreased by -X% to X tonnes. Overall, exports saw a slight slump. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, the exports reached the maximum at X tonnes in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, rice exports expanded markedly to $X in 2021. Over the period under review, exports saw mild growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tonnes) was the main destination for rice exports from Finland, accounting for a X% share of total exports. Moreover, rice exports to Estonia exceeded the volume sent to the second major destination, Sweden (X tonnes), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Estonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Russia (-X% per year).

In value terms, the largest markets for rice exported from Finland were Estonia ($X), Sweden ($X) and Russia ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2021, the average rice export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rice export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($X per tonne), while the average price for exports to Russia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Imports

Imports into Finland

In 2021, overseas purchases of rice increased by X% to X tonnes, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, rice imports totaled $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X tonnes), Spain (X tonnes) and Poland (X tonnes) were the main suppliers of rice imports to Finland, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Poland (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Poland ($X) were the largest rice suppliers to Finland, with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

The average rice import price stood at $X per tonne in 2021, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform