Liqueurs and Cordials Price in Finland - 2023
Contents:
- Liqueurs and Cordials Price in Finland (CIF) - 2023
- Liqueurs and Cordials Price in Finland (FOB) - 2023
- Liqueurs and Cordials Imports in Finland
- Liqueurs and Cordials Exports in Finland
Liqueurs and Cordials Price in Finland (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $7.9 per litre, reducing by -7.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 11% m-o-m. The import price peaked at $8.5 per litre in May 2023, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($11.4 per litre), while the price for Estonia ($6.0 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Finland (FOB) - 2023
The average liqueurs and cordials export price stood at $6.6 per litre in June 2023, increasing by 1.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in February 2023 when the average export price increased by 37% against the previous month. Over the period under review, the average export prices reached the peak figure at $7.7 per litre in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Denmark ($11.0 per litre), while the average price for exports to Latvia ($4.9 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Finland
Liqueurs and cordials imports into Finland soared to 2.1M litres in 2022, growing by 18% on the previous year's figure. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, liqueurs and cordials imports soared to $16M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Liqueurs and Cordials in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 3.0 | 2.8 | 3.4 | -1.9% |
| Netherlands | 1.8 | 1.5 | 1.4 | 2.6 | 13.0% |
| Ireland | 2.5 | 2.5 | 2.8 | 2.4 | -1.4% |
| Estonia | 1.8 | 1.7 | 2.0 | 2.2 | 6.9% |
| Italy | 1.7 | 1.7 | 1.8 | 2.0 | 5.6% |
| Spain | 0.9 | 0.6 | 0.8 | 1.0 | 3.6% |
| France | 1.2 | 0.9 | 0.8 | 0.9 | -9.1% |
| Others | 2.2 | 0.9 | 1.4 | 1.8 | -6.5% |
| Total | 15.6 | 12.9 | 13.8 | 16.2 | 1.3% |
Top Suppliers of Liqueurs and Cordials to Finland in 2022:
- Germany (482.3K litres)
- Estonia (433.7K litres)
- Netherlands (373.4K litres)
- Ireland (258.8K litres)
- Italy (215.5K litres)
- Spain (102.2K litres)
- France (75.0K litres)
Liqueurs and Cordials Exports in Finland
In 2022, the amount of liqueurs and cordialses exported from Finland expanded significantly to 1.6M litres, increasing by 11% compared with the year before. The total export volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, liqueurs and cordials exports skyrocketed to $10M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Liqueurs and Cordials in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2,231 | 1,953 | 2,667 | 3,412 | 15.2% |
| Norway | 565 | 682 | 1,039 | 1,219 | 29.2% |
| Estonia | 1,370 | 619 | 902 | 1,196 | -4.4% |
| Germany | 1,445 | 690 | 1,095 | 1,169 | -6.8% |
| Netherlands | 655 | 521 | 469 | 636 | -1.0% |
| Russia | 1,183 | 770 | 1,067 | 627 | -19.1% |
| Denmark | 623 | 324 | 531 | 590 | -1.8% |
| Latvia | 250 | 232 | 297 | 316 | 8.1% |
| Others | 327 | 294 | 610 | 975 | 43.9% |
| Total | 8,650 | 6,085 | 8,678 | 10,140 | 5.4% |
Top Export Markets for Liqueurs and Cordials from Finland in 2022:
- Sweden (452.6K litres)
- Estonia (205.6K litres)
- Norway (203.8K litres)
- Russia (180.8K litres)
- Germany (136.7K litres)
- Netherlands (130.5K litres)
- Denmark (87.7K litres)
- Latvia (70.4K litres)
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