Finland: Sugar Crop Market 2024

Sugar Crop Market Size in Finland

For the third consecutive year, the Finnish sugar crop market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar Crop Production in Finland

In value terms, sugar crop production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a perceptible setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average sugar crop yield in Finland soared to X tons per ha, with an increase of X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average sugar crop yield remained 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.

The sugar crop harvested area in Finland contracted rapidly to X ha in 2022, waning by X% against the previous year. Overall, the harvested area continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the sugar crop harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Finland

In 2022, shipments abroad of sugar crops increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop exports soared to $X in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for sugar crop exports from Finland, with a approx. X% share of total exports.

From 2016 to 2022, the average annual growth rate of volume to the Netherlands totaled X%.

In value terms, the Netherlands ($X) also remains the key foreign market for sugar crops exports from Finland.

From 2016 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2016 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Sugar Crop Imports

Imports into Finland

In 2022, approx. X kg of sugar crops were imported into Finland; waning by X% on the previous year. Overall, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar crop imports fell to $X in 2022. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest sugar crop supplier to Finland, with a X% share of total imports. Moreover, sugar crop imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Uganda (X kg), twofold.

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

In value terms, the Netherlands ($X) constituted the largest supplier of sugar crops to Finland, comprising X% of total imports. The second position in the ranking was taken by Uganda ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a temperate increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :