Scandinavia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Scandinavia

In 2022, the Scandinavia market for candies, sweets, and nonchocolate confectionery increased by 8.1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Candies, Sweets, and Nonchocolate Confectionery in Scandinavia

In value terms, candy, sweets, and nonchocolate confectionery production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 10%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports in Scandinavia

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported in Scandinavia; approximately equating the previous year's figure. The total export volume increased at an average annual rate of +6.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 34%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery exports amounted to $X in 2022. The total export value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of candies, sweets, and nonchocolate confectionery, generating 80% of total exports. It was distantly followed by Finland (X tons), constituting an 18% share of total exports. Norway (X tons) took a little share of total exports.

Sweden was also the fastest-growing in terms of the candies, sweets, and nonchocolate confectionery exports, with a CAGR of +9.1% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Norway (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +18 percentage points.

In value terms, Sweden ($X) remains the largest candy, sweets, and nonchocolate confectionery supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Finland ($X), with a 21% share of total exports.

In Sweden, candy, sweets, and nonchocolate confectionery exports increased at an average annual rate of +7.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-0.3% per year) and Norway (-7.3% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in 2021 when the export price increased by 6.2% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports in Scandinavia

For the fourth consecutive year, Scandinavia recorded growth in overseas purchases of candies, sweets, and nonchocolate confectionery, which increased by 7.5% to X tons in 2022. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X tons) was the key importer of candies, sweets, and nonchocolate confectionery, creating 65% of total imports. Norway (X tons) ranks second in terms of the total imports with a 20% share, followed by Finland (15%).

From 2012 to 2022, average annual rates of growth with regard to candy, sweets, and nonchocolate confectionery imports into Sweden stood at +3.1%. At the same time, Norway (+3.3%) and Finland (+2.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.3% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported candies, sweets, and nonchocolate confectionery in Scandinavia, comprising 57% of total imports. The second position in the ranking was taken by Norway ($X), with a 24% share of total imports.

In Sweden, candy, sweets, and nonchocolate confectionery imports increased at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (+2.0% per year) and Finland (+4.3% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, waning by -1.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 7.7%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Finland (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform