Scandinavia: Confectionery Market 2024

Confectionery Market Size in Scandinavia

In 2022, the Scandinavia confectionery market decreased by X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption, however, showed a slight reduction. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Confectionery Production in Scandinavia

In value terms, confectionery production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Confectionery Exports

Exports in Scandinavia

In 2022, the amount of confectionery exported in Scandinavia expanded significantly to X tons, with an increase of X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, confectionery exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period 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 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden was the major exporter of confectionery in Scandinavia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Finland (X tons) took the second position in the ranking, distantly followed by Norway (X tons). All these countries together held approx. X% share of total exports.

Sweden was also the fastest-growing in terms of the confectionery exports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Sweden (X%), while the other leaders experienced a decline in the export price figures.

Confectionery Imports

Imports in Scandinavia

For the fourth consecutive year, Scandinavia recorded growth in overseas purchases of confectionery, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, confectionery imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden was the largest importing country with an import of about X tons, which recorded X% of total imports. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

From 2012 to 2022, average annual rates of growth with regard to confectionery imports into Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Norway (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat 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 Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform