Finland - Tea - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Finland: Tea Market Overview 2020

Tea Market Size in Finland

The revenue of the tea market in Finland amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, tea consumption, however, continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Over the period under review, the tea market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Tea Exports

Exports from Finland

In 2018, the amount of tea exported from Finland amounted to X tonnes, going down by -X% against the previous year. Over the period under review, tea exports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, tea exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, tea exports totaled $X in 2018. Overall, tea exports continue to indicate a drastic decline. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, tea exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports remained at a 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, Estonia (X tonnes), sixfold. The third position in this ranking was occupied by Switzerland (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Russia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Switzerland (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to Russia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Switzerland (-X% per year).

Export Prices by Country

In 2018, the average tea export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the tea export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% year-to-year. In that year, the average export prices for tea attained their peak level of $X per tonne, and then declined slightly in the following year.

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

From 2007 to 2018, 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 2018, the amount of tea imported into Finland amounted to X tonnes, picking up by X% against the previous year. Overall, tea imports, however, continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, tea imports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, tea imports amounted to $X in 2018. In general, tea imports, however, continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, tea imports reached their maximum at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tonnes), Poland (X tonnes) and Sri Lanka (X tonnes) were the main suppliers of tea imports to Finland, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland, while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Poland ($X) and Sri Lanka ($X) constituted the largest tea suppliers to Finland, with a combined X% share of total imports. Sweden, Germany, India and China lagged somewhat behind, together comprising a further X terms of the main suppliers, India experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average tea import price amounted to $X per tonne, coming down by -X% against the previous year. In general, the import price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tea import price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2010 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for tea reached their maximum at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Sweden ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform