Price for Pectic Substances; Pectinates and Pectates in Finland - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Finland (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Finland (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Finland
4. Exports of Pectic Substances; Pectinates and Pectates in Finland

Price for Pectic Substances; Pectinates and Pectates in Finland (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $16,115 per ton, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. Over the period under review, average import prices hit record highs at $18,452 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($25,500 per ton), while the price for Sweden ($15,170 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Finland (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $579,832 per ton, picking up by 390% against the previous year. Overall, the export price posted a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 815%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($596,337 per ton), while the average price for exports to Switzerland ($44,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+46.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Finland

In 2022, overseas purchases of pectic substances; pectinates and pectateses decreased by -16.1% to 264 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year.

In value terms, pectic substances; pectinates and pectates imports fell modestly to $4.3M in 2022. In general, imports recorded a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 1.7%. As a result, imports reached the peak of $4.5M. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Finland in 2022:

1. Switzerland (undefined tons)
2. Germany (126.0 tons)
3. Czech Republic (89.5 tons)
4. Denmark (21.4 tons)
5. Italy (18.3 tons)
6. France (6.0 tons)
7. Sweden (0.4 tons)

Exports of Pectic Substances; Pectinates and Pectates in Finland

In 2022, overseas shipments of pectic substances; pectinates and pectateses decreased by -80.6% to 185 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 171% against the previous year. As a result, the exports attained the peak of 956 kg, and then declined remarkably in the following year.

In value terms, pectic substances; pectinates and pectates exports dropped to $107K in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $113K, and then contracted in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Finland in 2022:

1. Japan (178.0 kg)
2. South Korea (4.0 kg)
3. Switzerland (3.0 kg)

Source: IndexBox Market Intelligence Platform