Scandinavia: Crispbread Market 2024

Crispbread Market Size in Scandinavia

The Scandinavia crispbread market fell to $X in 2021, declining by -11% against the previous year. In general, consumption showed a mild downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Crispbread Production in Scandinavia

In value terms, crispbread production rose markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Crispbread Exports

Exports in Scandinavia

After nine years of growth, shipments abroad of crispbread decreased by -3.3% to X tons in 2021. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, the exports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, crispbread exports rose markedly to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.3% against 2015 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 11% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden prevails in exports structure, resulting at X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Norway (X tons) and Finland (X tons), together making up a 13% share of total exports.

Exports from Sweden increased at an average annual rate of +4.7% from 2012 to 2021. At the same time, Norway (+22.1%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +22.1% from 2012-2021. By contrast, Finland (-2.9%) illustrated a downward trend over the same period. Norway (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest crispbread supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was held by Norway ($X), with a 17% share of total exports.

In Sweden, crispbread exports expanded at an average annual rate of +4.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+26.9% per year) and Finland (-2.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: 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 Norway (+3.9%), while the other leaders experienced more modest paces of growth.

Crispbread Imports

Imports in Scandinavia

In 2021, crispbread imports in Scandinavia dropped slightly to X tons, waning by -1.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 13%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, crispbread imports rose slightly to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 18%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Norway (X tons), Sweden (X tons) and Denmark (X tons) represented roughly 92% of total imports in 2021. It was distantly followed by Finland (X tons), constituting a 6.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +4.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread importing markets in Scandinavia were Norway ($X), Denmark ($X) and Sweden ($X), together comprising 90% of total imports.

Sweden, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2019 when the import price increased by 9.2% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform