Finland: Vinegar Market 2024

Vinegar Market Size in Finland

The Finnish vinegar market reduced to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Vinegar Production in Finland

In value terms, vinegar production dropped rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a significant expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell sharply in the following year.

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Vinegar Exports

Exports from Finland

In 2023, the amount of vinegar exported from Finland declined rapidly to X tons, which is down by X% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, vinegar exports declined significantly to $X in 2023. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for vinegar exports from Finland, accounting for a X% share of total exports. Moreover, vinegar exports to Estonia exceeded the volume sent to the second major destination, Sweden (X tons), sixfold. Russia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Estonia amounted to X%. 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, Estonia ($X) emerged as the key foreign market for vinegar exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average vinegar export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a perceptible setback. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Vinegar Imports

Imports into Finland

In 2023, the amount of vinegar imported into Finland shrank modestly to X tons, dropping by X% on the year before. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then declined modestly in the following year.

In value terms, vinegar imports amounted to $X in 2023. In general, total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of vinegar imports to Finland, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar suppliers to Finland were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total imports. Sweden, Spain, China, Greece and France lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vinegar import price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform