Pastry market in Finland

Earlier Report Observations

From 2018 to 2023, the Finnish pastry market expanded in both volume and value. Market volume in physical terms rose from 287 thousand tons to 320 thousand tons, with a slight dip in 2019 and 2020 followed by steady growth from 2021 onward. In monetary terms, the market increased from $974 million to $1,241 million, a sharper rise that indicates a shift toward higher-value products or general price increases.

In 2024, the market value stabilized at $1,250 million, a marginal 0.7% increase. This period was marked by a significant 28% drop in export value, partly due to the bankruptcy of the local producer Mikon Leipä, which affected the availability of certain products and altered trade flows. Concurrently, consumer demand for premium and health-conscious pastries remained resilient despite cost-of-living pressures, supporting the market's value.

Production pastry in Finland

In value, 2017-2020, M $ US

In 2020, Finland's pastry output was valued at 831.6 million US dollars, marking a slight decrease of 2.6% from the previous year. The lowest value occurred in 2018 at 812.5 million US dollars, while the highest was recorded in 2019 at 853.8 million US dollars. The most significant decline took place in 2018, dropping by 3.2%, whereas the largest increase was observed in 2019, rising by 5.1%.

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

In kind, 2017-2020, K t

From 2017 to 2020, Finland ranked as the 17th largest producer of pastry globally.

Top producers of pastry, 2017-2020

World map of production of pastry, 2017-2020

In 2020, Finland produced 230.8 thousand tonnes of pastry, which represents a 3.5% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 7.4%, translating to an annualized decline of 2.5%. The lowest production level was in 2018 at 228.4 thousand tonnes. The sharpest drop occurred in 2018 with an 8.4% decrease, while the largest increase was in 2019, rising by 4.7%.

Annual dynamics of production in Finland in kind, 2017-2020, K t

Exports pastry from Finland

Exports in kind, t

The market exhibited volatility during these years. Exports reached their lowest point in 2019 and peaked in 2020, with a 1.8-fold difference between these two years. In 2020, Finland's pastry export volume amounted to 31 025 tonnes, an 84.0% increase from the previous year. The minimum value was recorded in 2019 at 16 861 tonnes, and the largest decline occurred that same year, falling by 16.0%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, the top destinations for Finland's pastry exports in volume terms were Sweden, accounting for 37.7% of exports, Germany at 13.5%, and Russia with 11.8%. Together, these three countries made up 63.0% 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 pastry exports in value terms grew for the third consecutive year. In 2020, exports reached 63.8 million US dollars, showing a measured year-on-year increase of 4.6%. Between 2017 and 2020, exports rose by 11.3%, equivalent to an annualized growth rate of 3.6%.

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

From 2017 to 2020, Sweden, Germany, and Russia remained the primary destinations for Finland's pastry exports in value terms. Sweden contributed 28.6% of export value, Germany 15.5%, and Russia 13.7%, collectively accounting for 57.8% of total exports.

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

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

Imports pastry to Finland

Imports in kind, t

In 2020, Finland's pastry import volume reached 80 790 tonnes, up by 28.6% from the previous year. Over the period from 2017 to 2020, imports increased by 6.4%, corresponding to an annualized rate of 2.1%. The lowest import volume was in 2019 at 62 806 tonnes, with the largest decline occurring that year, dropping by 20.2%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Germany, Sweden, and Estonia continued to be the main suppliers of pastry to Finland in volume terms. Germany accounted for 28.4% of imports, Sweden for 21.2%, and Estonia for 16.9%, together forming 66.6% of total imports.

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 pastry imports in value terms increased for the third year in a row. In 2020, imports stood at 240.6 million US dollars, reflecting a 5.3% rise compared to the previous year. Over the 2017-2020 period, imports grew by 19.7%, with a compound annual growth rate of 6.2%.

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

From 2017 to 2020, Germany, Sweden, and Estonia remained the key suppliers of pastry to Finland in value terms. Germany represented 28.9% of import value, Sweden 23.9%, and Estonia 10.9%, jointly accounting for 63.6% of total imports.

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

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