Finland: Rye Market 2024

Rye Market Size in Finland

The Finnish rye market surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, saw a abrupt shrinkage. Rye consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Rye Production in Finland

In value terms, rye production reached $X in 2022 estimated in export price. In general, production, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of rye in Finland contracted to X tons per ha in 2022, standing approx. at 2021. In general, the yield indicated slight growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rye yield increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the yield increased by X%. Over the period under review, the average rye yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of rye in Finland reached X ha, remaining stable against 2021 figures. Overall, the harvested area, however, recorded a mild slump. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the rye harvested area remained at a somewhat lower figure.

Rye Exports

Exports from Finland

In 2022, after four years of growth, there was significant decline in overseas shipments of rye, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, rye exports dropped markedly to $X in 2022. In general, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for rye exports from Finland, accounting for a X% share of total exports. Moreover, rye exports to Germany exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) remains the key foreign market for rye exports from Finland, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%.

Export Prices by Country

The average rye export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a modest increase. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%).

Rye Imports

Imports into Finland

In 2022, overseas purchases of rye increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt decrease. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, rye imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a deep slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest rye supplier to Finland, with a X% share of total imports. Moreover, rye imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

In value terms, Poland ($X) constituted the largest supplier of rye to Finland, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Germany (X% per year).

Import Prices by Country

The average rye import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :