Vitamin Market Overview in Finland
Market Overview
In 2019, the Finnish vitamin market decreased by -
% to $, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.
% to $, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.Consumption
Vitamin consumption in Finland shrank sharply to tonnes in 2019, which is down by -% on the year before. Overall, consumption continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the consumption volume increased by % year-to-year. Over the period under review, consumption attained the maximum volume at tonnes in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.
The size of the vitamin market in Finland shrank notably to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 when the market value increased by % y-o-y. Vitamin consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.
tonnes in 2019, which is down by -% on the year before. Overall, consumption continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the consumption volume increased by % year-to-year. Over the period under review, consumption attained the maximum volume at tonnes in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.The size of the vitamin market in Finland shrank notably to $
in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 when the market value increased by % y-o-y. Vitamin consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.Market Forecast
Driven by rising demand for vitamin in Finland, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Finland remains a net importer of vitamin; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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