Scandinavia: Baby Food Market 2024

Baby Food Market Size in Scandinavia

In 2021, the Scandinavia baby food market increased by 34% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Baby Food Production in Scandinavia

In value terms, baby food production declined to $X in 2021 estimated in export price. In general, production posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 35%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Baby Food Exports

Exports in Scandinavia

In 2021, shipments abroad of food preparations for infants decreased by -7.2% to X tons, falling for the fourth year in a row after two years of growth. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 40%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, baby food exports reduced to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 60%. The level of export peaked at $X in 2020, and then reduced in the following year.

Exports by Country

Denmark represented the key exporter of food preparations for infants in Scandinavia, with the volume of exports amounting to X tons, which was near 73% of total exports in 2021. It was distantly followed by Sweden (X tons), generating a 26% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to baby food exports from Denmark stood at +6.6%. At the same time, Sweden (+10.5%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.5% from 2012-2021. From 2012 to 2021, the share of Sweden increased by +6.6 percentage points.

In value terms, Denmark ($X) remains the largest baby food supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was taken by Sweden ($X), with a 22% share of total exports.

In Denmark, baby food exports increased at an average annual rate of +9.2% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.9%).

Baby Food Imports

Imports in Scandinavia

In 2021, supplies from abroad of food preparations for infants decreased by -5.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, baby food imports fell slightly to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 24%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) represented the major importer of food preparations for infants, constituting 58% of total imports. Finland (X tons) took the second position in the ranking, distantly followed by Norway (X tons) and Denmark (X tons). All these countries together held approx. 41% share of total imports.

Sweden was also the fastest-growing in terms of the food preparations for infants imports, with a CAGR of +7.6% from 2012 to 2021. Norway (-1.9%), Denmark (-3.5%) and Finland (-6.2%) illustrated a downward trend over the same period. While the share of Sweden (+26 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-2.5 p.p.), Denmark (-4.4 p.p.) and Finland (-19.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported food preparations for infants in Scandinavia, comprising 54% of total imports. The second position in the ranking was held by Norway ($X), with a 16% share of total imports. It was followed by Finland, with a 15% share.

In Sweden, baby food imports expanded at an average annual rate of +7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (-0.8% per year) and Finland (-2.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Finland (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform