Scandinavia: Dried Prune Market 2024

Dried Prune Market Size in Scandinavia

In 2022, the Scandinavia dried prune market increased by 17% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dried Prune Production in Scandinavia

In value terms, dried prune production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Dried Prune Exports

Exports in Scandinavia

In 2022, the amount of dried prunes exported in Scandinavia dropped to X tons, shrinking by -8.6% against the year before. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, dried prune exports shrank modestly to $X in 2022. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden was the largest exporter of dried prunes in Scandinavia, with the volume of exports reaching X tons, which was near 68% of total exports in 2022. It was distantly followed by Finland (X tons), constituting a 30% share of total exports.

Sweden was also the fastest-growing in terms of the dried prunes exports, with a CAGR of -9.6% from 2012 to 2022. Finland (-13.3%) illustrated a downward trend over the same period. While the share of Sweden (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-8.7 p.p.) displayed negative dynamics.

In value terms, the largest dried prune supplying countries in Scandinavia were Sweden ($X) and Finland ($X).

Sweden, with a CAGR of -6.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by 4.8% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried prune export price increased by +57.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.3%).

Dried Prune Imports

Imports in Scandinavia

In 2022, purchases abroad of dried prunes decreased by -4.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by 12%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, dried prune imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons) and Finland (X tons) represented roughly 73% of total imports in 2022. It was distantly followed by Norway (X tons), making up a 27% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of -1.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Finland, with a CAGR of +3.3%, 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

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 27% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried prune import price increased by +43.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 33%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform