Finland: Tea Market Overview 2021

Tea Market Size in Finland

In 2020, the Finnish tea market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Tea Exports

Exports from Finland

In 2020, shipments abroad of tea increased by X% to X tonnes, rising for the second consecutive year after four years of decline. Overall, exports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, tea exports soared to $X in 2020. In general, exports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Russia (X tonnes) was the main destination for tea exports from Finland, with a X% share of total exports. Moreover, tea exports to Russia exceeded the volume sent to the second major destination, Switzerland (X tonnes), fivefold. Sweden (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Russia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Sweden (+X% per year).

In value terms, Russia ($X) remains the key foreign market for tea exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Russia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Estonia (+X% per year).

Export Prices by Country

The average tea export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced mixed trend patterns.

Tea Imports

Imports into Finland

In 2020, overseas purchases of tea decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, tea imports contracted to $X in 2020. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Poland (X tonnes) constituted the largest supplier of tea to Finland, accounting for a X% share of total imports. Moreover, tea imports from Poland exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tonnes), twofold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Poland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-X% per year) and India (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of tea to Finland, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

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

Import Prices by Country

The average tea import price stood at $X per tonne in 2020, surging by X% against the previous year. In general, import price indicated a buoyant expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tea in the world?

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The country with the largest volume of tea consumption was China (5.6M tonnes), comprising approx. 56% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India (1.3M tonnes), fourfold. The third position in this ranking was occupied by Turkey (269K tonnes), with a 2.7% share.

What are the largest producers of tea in the world?

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China (6M tonnes) constituted the country with the largest volume of tea production, comprising approx. 61% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (1.4M tonnes), fourfold. The third position in this ranking was occupied by Kenya (467K tonnes), with a 4.7% share.

What are the leading suppliers of tea to Finland?

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In value terms, Poland ($5.9M) constituted the largest supplier of tea to Finland, comprising 47% of total imports. The second position in the ranking was occupied by India ($1.5M), with a 12% share of total imports. It was followed by Sri Lanka, with a 12% share.

What are the leading importers of tea from Finland?

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In value terms, Russia ($517K) remains the key foreign market for tea exports from Finland, comprising 51% of total exports. The second position in the ranking was occupied by Switzerland ($244K), with a 24% share of total exports. It was followed by Estonia, with a 12% share.

What is the average export price for tea in Finland?

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In 2020, the average tea export price amounted to $7,214 per tonne, waning by -8% against the previous year.

What is the average import price for tea in Finland?

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In 2020, the average tea import price amounted to $9,832 per tonne, surging by 21% against the previous year.