Scandinavia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Scandinavia

Exports of concentrated lemon and other citrus fruit juice contracted markedly to X tons in 2021, which is down by -26.1% on 2020. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 654%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of concentrated lemon and other citrus fruit juice plummeted to $X in 2021. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 373%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark prevails in juice structure, reaching X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Sweden (X tons), generating a 5.5% share of total exports. Finland (X tons) and Norway (X tons) followed a long way behind the leaders.

Exports from Denmark decreased at an average annual rate of -2.2% from 2012 to 2021. At the same time, Finland (+37.8%) and Norway (+17.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +37.8% from 2012-2021. By contrast, Sweden (-7.1%) illustrated a downward trend over the same period. Denmark (+27 p.p.) and Finland (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Sweden ($X), with a 5.5% share of total exports. It was followed by Finland, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value in Denmark amounted to -3.3%. In the other countries, the average annual rates were as follows: Sweden (-4.2% per year) and Finland (+38.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, picking up by 11% against the previous year. Overall, the export price saw a modest expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in Scandinavia

In 2021, the amount of concentrated lemon and other citrus fruit juice imported in Scandinavia shrank sharply to X tons, with a decrease of -21.5% on the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 32%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of concentrated lemon and other citrus fruit juice shrank to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Denmark represented the main importing country with an import of about X tons, which accounted for 70% of total imports. Finland (X tons) ranks second in terms of the total imports with a 15% share, followed by Norway (9.4%) and Sweden (6%).

Imports into Denmark increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Norway (+8.2%) and Finland (+3.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +8.2% from 2012-2021. By contrast, Sweden (-4.9%) illustrated a downward trend over the same period. While the share of Norway (+4.5 p.p.), Finland (+3.2 p.p.) and Denmark (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-4 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) constitutes the largest market for imported concentrated lemon and other citrus fruit juice in Scandinavia, comprising 67% of total imports. The second position in the ranking was taken by Finland ($X), with a 14% share of total imports. It was followed by Norway, with a 12% share.

In Denmark, imports of concentrated lemon and other citrus fruit juice remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+6.5% per year) and Norway (+9.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Sweden ($X per ton), while Finland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform