Scandinavia: Biological Product Market 2024

Biological Product Market Size in Scandinavia

The Scandinavia biological product market dropped remarkably to $X in 2022, declining by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then declined notably in the following year.

Biological Product Production in Scandinavia

In value terms, biological product production declined significantly to $X in 2022 estimated in export price. In general, production saw a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Biological Product Exports

Exports in Scandinavia

In 2022, the amount of biological products exported in Scandinavia rose rapidly to X tons, growing by X% on the year before. In general, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, biological product exports soared to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Finland (X tons), mixing up a X% share of total exports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the biological products exports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

In value terms, Sweden ($X) remains the largest biological product supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

In Sweden, biological product exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per kg, increasing by X% against the previous year. Overall, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the export price figures.

Biological Product Imports

Imports in Scandinavia

For the third year in a row, Scandinavia recorded growth in purchases abroad of biological products, which increased by X% to X tons in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, biological product imports fell notably to $X in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

Sweden represented the major importer of biological products in Scandinavia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Norway (X tons) and Finland (X tons), together mixing up a X% share of total imports.

Sweden was also the fastest-growing in terms of the biological products imports, with a CAGR of X% from 2012 to 2022. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. From 2012 to 2022, the share of Sweden increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported biological products in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports.

In Sweden, biological product imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform