Scandinavia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Scandinavia

In 2022, the Scandinavia market for fresh or chilled pig meat other than cuts or carcases decreased by -3.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a noticeable reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Scandinavia

In value terms, production of fresh or chilled pig meat other than cuts or carcases dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by 5.8%. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sweden (X tons) constituted the country with the largest volume of production of fresh or chilled pig meat other than cuts or carcases, accounting for 66% of total volume. Moreover, production of fresh or chilled pig meat other than cuts or carcases in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), threefold.

In Sweden, production of fresh or chilled pig meat other than cuts or carcases decreased by an average annual rate of -1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-0.5% per year) and Norway (-2.4% per year).

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports in Scandinavia

In 2022, overseas shipments of fresh or chilled pig meat other than cuts or carcases increased by 10% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases shrank to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.8%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of fresh or chilled pig meat other than cuts or carcases, achieving 59% of total exports. Finland (X tons) took the second position in the ranking, distantly followed by Norway (X tons). All these countries together took near 41% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +11.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X) remains the largest fresh pork other than cuts or carcases supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was taken by Finland ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +1.0%. In the other countries, the average annual rates were as follows: Finland (-5.5% per year) and Norway (+10.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -15.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 17%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports in Scandinavia

In 2022, supplies from abroad of fresh or chilled pig meat other than cuts or carcases decreased by -4% to X tons, falling for the ninth year in a row after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 8.5% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases contracted slightly to $X in 2022. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 9.4%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) represented the main importer of fresh or chilled pig meat other than cuts or carcases, creating 80% of total imports. It was distantly followed by Finland (X tons), creating a 19% share of total imports.

Imports into Sweden decreased at an average annual rate of -5.6% from 2012 to 2022. Finland (-4.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +1.7 percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported fresh or chilled pig meat other than cuts or carcases in Scandinavia, comprising 84% of total imports. The second position in the ranking was held by Finland ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled -7.2%.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by 2.7% against the previous year. Overall, the import price, however, saw a mild slump. The pace of growth was the most pronounced in 2017 when the import price increased by 11%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.8%).

Source: IndexBox Platform