Scandinavia: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Scandinavia

The Scandinavia dog and cat food market declined remarkably to $X in 2021, waning by -16.7% against the previous year. Overall, consumption showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Dog And Cat Food in Scandinavia

In value terms, dog and cat food production reduced notably to $X in 2021 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Dog And Cat Food

Exports in Scandinavia

In 2021, shipments abroad of dog and cat food increased by 7.1% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 8.9%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, dog and cat food exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark was the main exporter of dog and cat food in Scandinavia, with the volume of exports recording X tons, which was approx. 55% of total exports in 2021. Sweden (X tons) held the second position in the ranking, distantly followed by Norway (X tons). All these countries together took approx. 40% share of total exports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2021, together accounting for 94% of total exports. These countries were followed by Finland, which accounted for a further 4.7%.

Among the main exporting countries, Finland, with a CAGR of +47.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 when the export price increased by 21% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Dog And Cat Food

Imports in Scandinavia

In 2021, overseas purchases of dog and cat food increased by 6.1% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 6.9% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, dog and cat food imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of dog and cat food imports in 2021 were Sweden (X tons), Denmark (X tons) and Finland (X tons), together reaching 85% of total import. It was distantly followed by Norway (X tons), achieving a 14% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +1.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 80% share of total imports.

Among the main importing countries, Norway, with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, 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 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform