Scandinavia: Apple Juice Market 2024

Apple Juice Market Size in Scandinavia

The Scandinavia apple juice market soared to $X in 2021, rising by 16% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Apple Juice Production in Scandinavia

In value terms, apple juice production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39%. The level of production peaked in 2021 and is likely to see gradual growth in the near future.

Apple Juice Exports

Exports in Scandinavia

In 2021, shipments abroad of apple juice (single strength) increased by 12% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, apple juice exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 108% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Denmark (X tons) was the key exporter of apple juice (single strength), comprising 84% of total exports. Sweden (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Finland (4.5%).

Denmark experienced a relatively flat trend pattern with regard to volume of exports of apple juice (single strength). At the same time, Sweden (+4.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.8% from 2012-2021. By contrast, Finland (-8.4%) illustrated a downward trend over the same period. While the share of Sweden (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest apple juice supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark was relatively modest. In the other countries, the average annual rates were as follows: Sweden (+6.2% per year) and Finland (-5.6% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 3.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Apple Juice Imports

Imports in Scandinavia

In 2021, overseas purchases of apple juice (single strength) increased by 2.8% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2013 when imports increased by 12% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, apple juice imports declined to $X in 2021. Over the period under review, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 48%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X tons) and Sweden (X tons) represented roughly 77% of total imports in 2021. It was distantly followed by Finland (X tons), achieving a 14% share of total imports. The following importers - Iceland (X tons) and Norway (X tons) - each reached an 8.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +17.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021, together comprising 91% of total imports. These countries were followed by Iceland and Norway, which together accounted for a further 8.7%.

Iceland, with a CAGR of +16.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, with a decrease of -6.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 42% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Finland ($X per ton), while Denmark ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform