Mineral and aerated waters market in Finland

Earlier Report Observations

The market for mineral and aerated waters in Finland opened the period at 129.9 million liters in 2018, supported by rising consumer demand for health and wellness-oriented products, which spurred launches of functional waters with added vitamins. A significant contraction to 107.8 million liters followed in 2019, coinciding with the Finnish Food Authority's regulation requiring official recognition for waters drawn from domestic soil to be marketed as natural mineral water, a move that likely constrained supply. The market rebounded to 128.0 million liters in 2020, aided by government investments in modern wastewater treatment technologies and the ongoing implementation of the EU Water Framework Directive, which supported overall water sector infrastructure.

Market volume expanded further to a peak of 135.6 million liters in 2021. This growth aligned with increased activity from international players and local SMEs in the minerals sector, enhancing production capabilities for bottled water. However, the market declined to 124.0 million liters in 2022, even as health-conscious trends continued to drive the introduction of new product variants like vitamin-enriched waters.

The market stabilized around 126-127 million liters in 2023-2024. During this period, the government developed the Water Stewardship Action Plan for 2023-2025 and published a new National Mineral Strategy, focusing on sustainable resource use and stricter environmental norms. These policy frameworks, along with legislative reforms incorporating EU water directives, contributed to a steady market environment.

Production mineral and aerated waters in Finland

In value, 2017-2020, K $ US

In 2020, Finland's production of mineral and aerated waters reached a value of 61 050 thousand US dollars, marking an 18.4% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 27.2%, which translates to an average annual growth rate of 8.4%. The highest production value was recorded in 2018 at 62 180 thousand US dollars. In 2019, production experienced its largest decline of 17.1%, while the most significant increase occurred in 2018 with a 29.6% rise.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, M l

In 2020, Finland produced 111.2 million liters of mineral and aerated waters, showing a strong 10.7% improvement over the previous year. From 2017 to 2020, production increased by 15.5%, with a compound annual growth rate of 4.9%. The largest decline was in 2019 at 8.6%, while the biggest increase was recorded in 2018 with a 14.1% growth.

Annual dynamics of production in Finland in kind, 2017-2020, M l

Exports mineral and aerated waters from Finland

Exports in kind, K l

In 2020, Finland's exports of mineral and aerated waters totaled 875 thousand liters, representing a sharp decrease of 43.7% compared to the previous year. Between 2017 and 2020, exports fell by 55%, equivalent to an annualized decline rate of 23.3%. The largest drop occurred in 2018 at 46.9%, while the most significant increase was in 2019 with a 50.7% rise.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K l

From 2017 to 2020, the three largest markets for Finland's mineral and aerated waters exports in volume terms were Saudi Arabia, Sweden, and the United Arab Emirates. Together, these countries accounted for 58.0% of total export flows during this period.

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, K $ US

Export values showed considerable volatility during these years. The highest export volume was recorded in 2017, while the lowest was in 2020, with a 2.2-fold difference between these two years. In 2020, Finland's exports of mineral and aerated waters amounted to 546 thousand US dollars, reflecting a dramatic 48.9% decrease compared to the previous year. The largest increase occurred in 2019 with a 70.8% rise.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Between 2017 and 2020, Saudi Arabia (18.9% of export value), Sweden (15.5%), and the United Arab Emirates (13.9%) were among the largest buyers of Finland's mineral and aerated waters in value terms. However, even combined, these three markets represented just 48.3% of total export value, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports mineral and aerated waters to Finland

Imports in kind, K l

Import volumes showed irregular changes, pointing to a volatile market environment. Import levels fluctuated significantly, with a 2.4-fold difference between the peak in 2018 and the low point in 2019. In 2020, Finland's imports of mineral and aerated waters reached 17 699 thousand liters, marking a substantial 97.9% increase compared to 2019. The minimum volume was recorded in 2019 at 8 943 thousand liters, while the maximum was in 2018 at 21 045 thousand liters. The largest decline occurred in 2019 with a 57.5% drop.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K l

Throughout the 2017-2020 period, Germany dominated Finland's imports of mineral and aerated waters in volume terms, accounting for 89.2% of total import flows. Other markets held comparatively modest shares during this time.

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, K $ US

Finland's imports of mineral and aerated waters declined for the second consecutive year. In 2020, imports amounted to 4 971 thousand US dollars, down by 1.5% compared to 2019. The highest import value was recorded in 2018 at 6 154 thousand US dollars. The largest decline occurred in 2019 with a 17.9% decrease, while the most significant increase was in 2018 with a 21.5% rise.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

From 2017 to 2020, Germany accounted for 83.0% of Finland's total import value for mineral and aerated waters. The remaining import flows were distributed among a broad group of smaller countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020