Earlier Report Observations
The bread market volume in Finland experienced a slight decline from 297 thousand tons in 2018 to 287 thousand tons in 2020. During this period, significant price margins in the bread and grain product segments influenced market structure and competition. At the same time, the growing popularity of sourdough bread and home baking shifted consumer preferences.
Market volume recovered and expanded, reaching 300 thousand tons in 2021 and 324 thousand tons in 2023. The 6.7% increase in 2022 coincided with persistently high price margins for bread and grain products, which affected market price formation and competitive dynamics.
In value terms, the bread market grew to $1,277 million in 2024. The introduction of new Nordic nutrition recommendations, which for the first time set a quantitative daily intake for whole grains, along with Bread Week promoting whole grain products, stimulated demand for healthier bread options.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2024
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2024
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Finland
- 5.1.1. In kind, 2018-2023, K t
- 5.1.2. In value, 2018-2024, M $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, K t
- 5.2.2. In value, 2018-2024, M $ US
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5.3. Global production by Country, 2018-2023
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5.3.1. Global Production by Country in kind
- 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, t
- 5.3.1.2. Structure of production by countries in kind, 2018-2023
- 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.3.1. Global Production by Country in kind
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5.1. Production in Finland
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production bread in Finland
In value, 2017-2020, M $ US
In 2020, Finland's bread production was valued at 864.2 million US dollars, marking a 1.8% decrease from the previous year. The lowest value was recorded in 2018 at 852.9 million US dollars. The largest decline occurred in 2018 with a drop of 3.2%, while the largest increase was seen in 2019 at 3.2%.
Annual dynamics of production in Finland in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.2%) | 3.2% | (1.8%) | (0.6%) |
In kind, 2017-2020, K t
From 2017 to 2020, Finland ranked 11th globally in bread production volume.
Top producers of bread, 2017-2020
World map of production of bread, 2017-2020
In 2020, Finland produced 237.9 thousand tonnes of bread, showing a slight decline of 2.7% compared to 2019. Over the 2017-2020 period, production decreased by 8.8%, with a compound annual growth rate of 3.0%. The largest decline was recorded in 2018 at 8.2%, while the largest increase occurred in 2019 at 2.0%.
Annual dynamics of production in Finland in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (8.2%) | 2.0% | (2.7%) | (3.0%) |
Exports bread from Finland
Exports in kind, t
Market performance showed noticeable fluctuations during this period. Export volumes varied 1.8 times, from a low of 18 060 tonnes in 2019 to a high of 33 104 tonnes in 2020. In 2020, Finland's bread exports totaled 33 104 tonnes, representing an 83.3% increase from the previous year. The largest decline was recorded in 2019 at 19.7%.
Annual dynamics of product's exports from Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (1.8%) | (19.7%) | 83.3% | 13.1% |
From 2017 to 2020, Sweden, Germany, and Russia were the main markets for Finland's bread exports in kind, accounting for 39.5%, 12.9%, and 11.5% of exports respectively. Together, these three countries represented 63.9% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Finland in kind, 2017-2020
Exports in value, M $ US
Finland's bread exports increased for the third consecutive year. In 2020, exports reached 71.3 million US dollars, a 5.9% increase compared to the previous year. Over the 2017-2020 period, exports grew by 9.4%, with a compound annual growth rate of 3.0%.
Annual dynamics of product's exports from Finland in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2.9% | 0.3% | 5.9% | 3.0% |
Throughout 2017-2020, Sweden, Germany, and Russia remained the primary markets for Finland's bread exports in value terms, accounting for 31.0%, 14.6%, and 13.2% of exports respectively. Collectively, these three countries represented 58.8% of total export flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Finland in value, 2017-2020
Imports bread to Finland
Imports in kind, t
In 2020, Finland's bread imports from abroad reached 82 549 tonnes, a significant increase of 27.6% compared to 2019. The lowest value was recorded in 2019 at 64 700 tonnes. Between 2017 and 2020, imports grew by 6.3%, equating to an annualized rate of 2.1%. The largest decline occurred in 2019 at 19.1%.
Annual dynamics of product's imports to Finland in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.0% | (19.1%) | 27.6% | 2.1% |
From 2017 to 2020, Germany, Sweden, and Estonia led the structure of Finland's bread imports in kind, accounting for 28.0%, 22.7%, and 16.5% of imports respectively. Together, these three countries represented 67.2% of total import flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Finland in kind, 2017-2020
Imports in value, M $ US
Finland's bread imports increased for the third consecutive year. In 2020, imports reached 247.1 million US dollars, a 6.0% gain from the previous year. Between 2017 and 2020, imports grew by 18.7%, equating to an annualized rate of 5.9%.
Annual dynamics of product's imports to Finland in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.2% | 3.5% | 6.0% | 5.9% |
From 2017 to 2020, Germany, Sweden, and Estonia were the largest suppliers of bread to Finland in value terms, accounting for 28.6%, 25.6%, and 10.5% of imports respectively. Together, these three countries formed 64.7% of total imports in value terms.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Finland in value, 2017-2020
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