Scandinavia: Canned Vegetable Market 2024

Canned Vegetable Market Size in Scandinavia

The Scandinavia canned vegetable market amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.8% against the previous year. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Canned Vegetable Production in Scandinavia

In value terms, canned vegetable production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 317%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Canned Vegetable Exports

Exports in Scandinavia

In 2022, shipments abroad of canned vegetables decreased by -5.1% to X tons, falling for the second year in a row after four years of growth. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2020 when exports increased by 12% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Sweden dominates exports structure, amounting to X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Norway (X tons) and Finland (X tons), together generating a 10% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to canned vegetable exports from Sweden stood at -1.3%. At the same time, Norway (+3.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +3.9% from 2012-2022. By contrast, Finland (-11.2%) illustrated a downward trend over the same period. Sweden (+5.9 p.p.) and Norway (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -8.4% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest canned vegetable supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Norway ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Norway (+7.8% per year) and Finland (-8.0% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, reducing by -3.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 14%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+3.8%), while the other leaders experienced more modest paces of growth.

Canned Vegetable Imports

Imports in Scandinavia

In 2022, imports of canned vegetables in Scandinavia expanded to X tons, increasing by 3.3% against the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 7.9%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, canned vegetable imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Sweden (X tons) represented the main importer of canned vegetables, committing 61% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together making up a 39% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of canned vegetables. At the same time, Finland (+3.8%) and Norway (+3.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.8% from 2012-2022. While the share of Norway (+3 p.p.) and Finland (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported canned vegetables in Scandinavia, comprising 56% of total imports. The second position in the ranking was held by Norway ($X), with a 23% share of total imports.

In Sweden, canned vegetable imports increased at an average annual rate of +1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+2.4% per year) and Finland (+3.7% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, waning by -4.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 10% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform