Finland: Onion And Shallot Market 2024

Onion And Shallot Market Size in Finland

In 2023, the Finnish onion and shallot market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, recorded a measured increase. Onion and shallot consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Onion And Shallot Production in Finland

In value terms, onion and shallot production reduced to $X in 2023 estimated in export price. Overall, production, however, posted a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Onion and shallot production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

In 2023, the average onion and shallot yield in Finland rose modestly to X tons per ha, picking up by X% against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2023, the growth of the average onion and shallot 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.

The onion and shallot harvested area in Finland contracted slightly to X ha in 2023, with a decrease of X% on the year before. Overall, the harvested area, however, showed modest growth. The growth pace was the most rapid in 2022 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then dropped slightly in the following year.

Onion And Shallot Exports

Exports from Finland

In 2023, the amount of onion and shallot exported from Finland soared to X tons, with an increase of X% on the previous year. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, onion and shallot exports surged to $X in 2023. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in years to come.

Exports by Country

Estonia (X tons), the Czech Republic (X tons) and Lithuania (X tons) were the main destinations of onion and shallot exports from Finland, together accounting for X% of total exports. Sweden lagged somewhat behind, accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) emerged as the key foreign market for onion and shallot exports from Finland, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Sweden (X% per year).

Export Prices by Country

The average onion and shallot export price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, saw noticeable growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Onion And Shallot Imports

Imports into Finland

In 2023, after two years of growth, there was significant decline in purchases abroad of onion and shallot, when their volume decreased by X% to X tons. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, onion and shallot imports contracted notably to $X in 2023. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest supplier of onion and shallot to Finland, with a X% share of total imports. Moreover, onion and shallot imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Spain (X% per year).

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

From 2012 to 2023, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Spain (X% per year).

Import Prices by Country

In 2023, the average onion and shallot import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price showed tangible growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform