Finland: Wheat Flour Market Overview 2020

Wheat Flour Market Size in Finland

The revenue of the wheat flour market in Finland amounted to $X in 2018, therefore, remained relatively stable against the previous year. Overall, wheat flour consumption continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. In that year, the wheat flour market attained its peak level of $X. From 2009 to 2018, the growth of the wheat flour market remained at a lower figure.

Wheat Flour Production in Finland

In value terms, wheat flour production amounted to $X in 2018 estimated in export prices. In general, wheat flour production continues to indicate a measured drop. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, wheat flour production attained its peak level of $X. From 2009 to 2018, wheat flour production growth failed to regain its momentum.

Wheat Flour Exports

Exports from Finland

In 2018, approx. X tonnes of wheat or meslin flour were exported from Finland; falling by -X% against the previous year. Overall, wheat flour exports continue to indicate a measured drop. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, wheat flour exports attained their maximum at X tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, wheat flour exports stood at $X in 2018. Over the period under review, wheat flour exports continue to indicate a mild setback. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Sweden (X tonnes), Denmark (X tonnes) and Estonia (X tonnes) were the main destinations of wheat flour exports from Finland, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Denmark, while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Estonia ($X) constituted the largest markets for wheat flour exported from Finland worldwide, with a combined X% share of total exports.

Denmark recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average wheat flour export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price indicated a mild expansion 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, wheat flour export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. In that year, the average export prices for wheat or meslin flour attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for wheat or meslin flour remained at a somewhat lower figure.

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

Wheat Flour Imports

Imports into Finland

In 2018, approx. X tonnes of wheat or meslin flour were imported into Finland; declining by -X% against the previous year. Overall, the total imports indicated a buoyant expansion from 2007 to 2018: its volume 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. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, wheat flour imports reached their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, wheat flour imports amounted to $X in 2018. In general, the total imports indicated a buoyant expansion from 2007 to 2018: 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 2018 figures, wheat flour imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, wheat flour imports reached their peak figure at $X in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Estonia (X tonnes) constituted the largest supplier of wheat flour to Finland, with a X% share of total imports. Moreover, wheat flour imports from Estonia exceeded the figures recorded by the second-largest supplier, Latvia (X tonnes), threefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Estonia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+X% per year) and Germany (-X% per year).

In value terms, Estonia ($X) constituted the largest supplier of wheat flour to Finland, comprising X% of total wheat flour imports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Estonia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average wheat flour import price stood at $X per tonne in 2018, rising by X% against the previous year. In general, the import price indicated a moderate expansion from 2007 to 2018: its price 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 2018 figures, wheat flour import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for wheat or meslin flour reached their maximum at $X per tonne in 2011; however, from 2012 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 Italy ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform