Finland: Market for Uncooked Pasta (Not Containing Eggs) 2023

Market Size for Uncooked Pasta (Not Containing Eggs) in Finland

The Finnish market for uncooked pasta (not containing eggs) totaled $X in 2021, growing by 3.7% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.0% against 2017 indices. Uncooked pasta (not containing eggs) consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Uncooked Pasta (Not Containing Eggs) in Finland

In value terms, uncooked pasta (not containing eggs) production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 28%. Uncooked pasta (not containing eggs) production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Finland

In 2021, the amount of uncooked pasta (not containing eggs) exported from Finland dropped to X tons, with a decrease of -12.3% against 2020. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 128%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta (not containing eggs) exports surged to $X in 2021. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 186%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Finland, accounting for a 60% share of total exports. Moreover, uncooked pasta (not containing eggs) exports to Estonia exceeded the volume sent to the second major destination, Norway (X tons), fivefold. The third position in this ranking was taken by Sweden (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia stood at -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+151.6% per year) and Sweden (+33.5% per year).

In value terms, the largest markets for uncooked pasta (not containing eggs) exported from Finland were Estonia ($X), Norway ($X) and Sweden ($X), together comprising 86% of total exports.

Among the main countries of destination, Norway, with a CAGR of +203.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, growing by 43% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Finland

In 2021, the amount of uncooked pasta (not containing eggs) imported into Finland fell modestly to X tons, with a decrease of -4.1% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, uncooked pasta (not containing eggs) imports rose notably to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.0% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 25%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of uncooked pasta (not containing eggs) to Finland, with a 75% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Italy exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), more than tenfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+57.0% per year) and the Czech Republic (+231.6% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Finland, comprising 74% of total imports. The second position in the ranking was taken by Sweden ($X), with a 5.9% share of total imports. It was followed by Poland, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-7.9% per year) and Poland (+8.8% per year).

Import Prices by Country

The average import price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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