Scandinavia: Market for Citrus Fruits Not Elsewhere Classified 2024

Market Size for Citrus Fruits Not Elsewhere Classified in Scandinavia

For the fifth year in a row, the Scandinavia market for citrus fruits not elsewhere classified recorded decline in sales value, which decreased by -43.6% to $X in 2022. Overall, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Citrus Fruits Not Elsewhere Classified in Scandinavia

In value terms, citrus fruits not elsewhere classified production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 50% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of citrus fruits not elsewhere classified production was Norway (X tons), comprising approx. 100% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Norway was relatively modest.

Exports of Citrus Fruits Not Elsewhere Classified

Exports in Scandinavia

In 2022, shipments abroad of citrus fruits not elsewhere classified decreased by -30.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 930%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, citrus fruits not elsewhere classified exports rose markedly to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 805%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) represented roughly 99% of total exports in 2022.

Sweden was also the fastest-growing in terms of the citrus fruits not elsewhere classified exports, with a CAGR of +48.5% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by +17 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest citrus fruits not elsewhere classified supplier in Scandinavia.

In Sweden, citrus fruits not elsewhere classified exports expanded at an average annual rate of +62.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with an increase of 59% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2021 when the export price increased by 149% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +9.5% per year.

Imports of Citrus Fruits Not Elsewhere Classified

Imports in Scandinavia

In 2022, supplies from abroad of citrus fruits not elsewhere classified decreased by -38.3% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 109% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, citrus fruits not elsewhere classified imports declined markedly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 146% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Sweden prevails in imports structure, finishing at X tons, which was near 88% of total imports in 2022. It was distantly followed by Finland (X tons), generating a 7.8% share of total imports. Norway (X tons) followed a long way behind the leaders.

Imports into Sweden decreased at an average annual rate of -8.4% from 2012 to 2022. At the same time, Norway (+1.1%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +1.1% from 2012-2022. By contrast, Finland (-9.8%) illustrated a downward trend over the same period. While the share of Norway (+2.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported citrus fruits not elsewhere classified in Scandinavia, comprising 75% of total imports. The second position in the ranking was held by Finland ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled -7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-7.3% per year) and Norway (+6.4% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, which is down by -5.1% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, citrus fruits not elsewhere classified import price increased by +79.9% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 89%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform