Scandinavia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Scandinavia

The Scandinavia meat meals and pellets market dropped to $X in 2021, shrinking by -10.7% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Scandinavia

In value terms, meat meals and pellets production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period 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 2013 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Scandinavia

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were exported in Scandinavia; increasing by 16% against the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 +73.1% against 2012 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 24%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, meat meals and pellets exports surged to $X in 2021. Total exports indicated a prominent 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 +93.5% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark represented the major exporter of flours, meals and pellets of meat or meat offal in Scandinavia, with the volume of exports recording X tons, which was near 51% of total exports in 2021. Norway (X tons) ranks second in terms of the total exports with a 25% share, followed by Finland (13%) and Sweden (10%).

Exports from Denmark increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Finland (+22.5%), Sweden (+10.6%) and Norway (+7.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +22.5% from 2012-2021. While the share of Finland (+9.2 p.p.), Norway (+3.3 p.p.) and Sweden (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-15.6 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest meat meals and pellets supplier in Scandinavia, comprising 59% of total exports. The second position in the ranking was taken by Norway ($X), with a 19% share of total exports. It was followed by Finland, with a 16% share.

In Denmark, meat meals and pellets exports increased at an average annual rate of +2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+11.2% per year) and Finland (+30.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 27% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Scandinavia

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported in Scandinavia; waning by -11.4% against 2020 figures. The total import volume increased at an average annual rate of +1.8% 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 2015 with an increase of 23%. Over the period under review, imports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, meat meals and pellets imports fell to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 20%. Over the period under review, imports reached the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

Denmark (X tons) and Sweden (X tons) represented roughly 87% of total imports in 2021. It was distantly followed by Finland (X tons), creating a 13% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +5.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Denmark ($X) constitutes the largest market for imported flours, meals and pellets of meat or meat offal in Scandinavia, comprising 64% of total imports. The second position in the ranking was held by Sweden ($X), with a 23% share of total imports.

In Denmark, meat meals and pellets imports increased at an average annual rate of +4.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+6.7% per year) and Finland (-1.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 8.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform