Scandinavia: Canned Meat Market 2024

Canned Meat Market Size in Scandinavia

After two years of decline, the Scandinavia canned meat market increased by 3.8% to $X in 2021. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Canned Meat Production in Scandinavia

In value terms, canned meat production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.6% against the previous year. Over the period under review, production hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Canned Meat Exports

Exports in Scandinavia

In 2021, after three years of decline, there was significant growth in overseas shipments of canned meat, when their volume increased by 61% to X tons. Over the period under review, exports saw a mild expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, canned meat exports soared to $X in 2021. Overall, exports, however, saw a perceptible slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, reaching X tons, which was approx. 95% of total exports in 2021. It was distantly followed by Finland (X tons), constituting a 5% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of canned meat. At the same time, Finland (+8.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.0% from 2012-2021. From 2012 to 2021, the share of Finland increased by +2.3 percentage points.

In value terms, Sweden ($X) remains the largest canned meat supplier in Scandinavia, comprising 87% of total exports. The second position in the ranking was held by Finland ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled -4.4%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, dropping by -24.4% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.8%).

Canned Meat Imports

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in supplies from abroad of canned meat, when their volume increased by 9.1% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, canned meat imports rose notably to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Sweden represented the key importer of canned meat in Scandinavia, with the volume of imports recording X tons, which was approx. 66% of total imports in 2021. It was distantly followed by Finland (X tons) and Norway (X tons), together mixing up a 34% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of canned meat. At the same time, Norway (+10.0%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.0% from 2012-2021. Finland experienced a relatively flat trend pattern. Norway (+4 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -3.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported canned meat in Scandinavia, comprising 62% of total imports. The second position in the ranking was taken by Finland ($X), with a 28% share of total imports.

In Sweden, canned meat imports decreased by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (-0.9% per year) and Norway (+8.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 3.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 7.3%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($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 (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform