Soups and broths market in Finland

Earlier Report Observations

Between 2018 and 2020, the Finnish soups and broths market expanded, with its value rising from 29.2 million USD to 33.2 million USD in 2019. In physical terms, the market volume reached 7 616 t in 2019 and then surged by 15% to 8 773 t in 2020. This sharp increase was primarily driven by the COVID-19 pandemic, which boosted home cooking and lifted demand for long‑lasting, ready‑made soups. New entrants focused on convenient and healthy options, while major companies launched products with clean ingredients and plant‑based profiles, catering to the accelerated trend toward vegan and organic offerings.

After the 2020 peak, market volume fell by 30% to 6 140 t in 2021, with value dropping to 19.8 million USD. A recovery followed in 2022, when volume grew by 15% to 7 044 t. This rebound was supported by continued product innovation, including the rise of bone‑broth soups and functional varieties, as well as strong consumer interest in healthy, low‑salt, and organic options. Companies invested in easy‑use portion packs and new flavors, aligning with the sustained demand for convenient and health‑conscious meal solutions.

In 2023, market volume declined by 11% to 6 290 t and eased further to 5 990 t in 2024. Over the same two years, the market’s value showed a different pattern, rising to 24.1 million USD in 2023 and then stabilizing around 23.8 million USD in 2024, indicating a shift in the product mix toward higher‑priced segments.

Production soups and broths in Finland

In value, 2017-2020, K $ US

In Finland, the output value of soups and broths reached $14,557,000 in 2020, marking a 14.1% decrease from the previous year. Over the period from 2017 to 2020, production declined by 8.5%, which translates to an average annualized rate of 2.9%. The lowest value was recorded in 2018 at $13,678,000, while the peak occurred in 2019 with $19,560,000. The most significant increase was observed in 2019, with a 43.0% rise.

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

In kind, 2017-2020, t

In 2020, Finland produced 4,434 tonnes of soups and broths, representing a 17.7% drop compared to the year before. From 2017 to 2020, production fell by 4.5%, averaging an annualized decrease of 1.5%.

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

Exports soups and broths from Finland

Exports in kind, t

The market exhibited considerable volatility during these years. Exports varied widely, with a 58-fold difference between the high in 2017 and the low in 2019. In 2020, Finland's exports of soups and broths totaled 128 tonnes, showing a dramatic improvement of 3,033.5% from the previous year. The minimum value was recorded in 2019 at just 4 tonnes, which also saw the largest decline of 97.5%.

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

From 2017 to 2020, Norway, Sweden, and Estonia were the top buyers of soups and broths from Finland, accounting for 47.0%, 24.1%, and 18.6% of exports in kind, respectively. Together, these three countries made up 89.8% of total exports in kind.

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

Exports of soups and broths from Finland declined for the third year in a row. In 2020, the export volume was $533,000, which is 4.5% lower than in 2019. Over the 2017-2020 period, exports decreased by 52.6%, with a compound annual growth rate of -22.0%.

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

Between 2017 and 2020, Norway, Estonia, and Sweden consistently served as the main destinations for exports in value terms, with shares of 46.2%, 24.6%, and 21.5%, respectively. Combined, they accounted for 92.4% 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 soups and broths to Finland

Imports in kind, t

Market performance showed noticeable fluctuations during this period. Imports peaked in 2017 and hit their lowest point in 2019, with a 2.1-fold gap between these years. In 2020, Finland's imports of soups and broths stood at 4,467 tonnes, reflecting a sharp increase of 99.9% compared to the previous year. The minimum value was recorded in 2019 at 2,234 tonnes, which also experienced the largest decline of 48.8%.

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

From 2017 to 2020, Belgium, Sweden, and Poland were the principal sources for imports in kind, with shares of 26.8%, 18.5%, and 11.8%, respectively. Together, these countries contributed 57.1% 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, K $ US

After a two-year decline, imports of soups and broths into Finland increased. In 2020, imports amounted to $15,384,000, showing a moderate advance of 8.1% from the year before. Over the 2017-2020 period, imports decreased by 6.7%, with a compound annual growth rate of -2.3%. The lowest value was recorded in 2019 at $14,234,000, which also saw the largest decline of 12.3%.

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

Over the 2017-2020 period, Belgium, Switzerland, and Sweden were the primary suppliers of soups and broths to Finland in value terms, accounting for 23.8%, 15.6%, and 15.0% of imports, respectively. Together, they made up 54.4% of total import flows.

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

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