Finland: Wheat Flour Market Overview 2021

Wheat Flour Market Size in Finland

The Finnish wheat flour market shrank modestly to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Wheat Flour Production in Finland

In value terms, wheat flour production shrank modestly to $X in 2020 estimated in export prices. Overall, production recorded a mild slump. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2009 to 2020, production growth failed to regain the momentum.

Wheat Flour Exports

Exports from Finland

In 2020, exports of wheat or meslin flour from Finland plummeted to X tonnes, declining by -X% compared with the previous year. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, wheat flour exports dropped significantly to $X in 2020. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Russia (X tonnes), Sweden (X tonnes) and Estonia (X tonnes) were the main destinations of wheat flour exports from Finland, with a combined X% share of total exports. Slovakia, the Netherlands, Denmark and Taiwan (Chinese) lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat flour exported from Finland were Russia ($X), Sweden ($X) and Estonia ($X), with a combined X% share of total exports. Slovakia, the Netherlands, Denmark and Taiwan (Chinese) lagged somewhat behind, together comprising a further X (Chinese) (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wheat flour export price amounted to $X per tonne, jumping by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the highest prices were recorded for prices to Sweden ($X per tonne) and Denmark ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and Taiwan (Chinese) ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced more modest paces of growth.

Wheat Flour Imports

Imports into Finland

In 2020, purchases abroad of wheat or meslin flour decreased by -X% to X tonnes, falling for the third consecutive year after four years of growth. In general, total imports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, wheat flour imports fell to $X in 2020. Overall, total imports indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

Estonia (X tonnes), Germany (X tonnes) and Latvia (X tonnes) were the main suppliers of wheat flour imports to Finland, with a combined X% share of total imports. Italy, Sweden and Luxembourg lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Luxembourg (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat flour suppliers to Finland were Estonia ($X), Germany ($X) and Latvia ($X), together accounting for X% of total imports. Italy, Sweden and Luxembourg lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wheat flour import price amounted to $X per tonne, surging by X% against the previous year. In general, import price indicated a tangible 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. Based on 2020 figures, wheat flour import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Luxembourg ($X per tonne) and Sweden ($X per tonne), while the price for Latvia ($X per tonne) and Estonia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Estonia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform