Scandinavia: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Scandinavia

The Scandinavia frozen chicken cut market dropped rapidly to $X in 2022, reducing by -16.1% against the previous year. Overall, consumption showed a mild descent. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Frozen Chicken Cut Production in Scandinavia

In value terms, frozen chicken cut production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Sweden (X tons) remains the largest frozen chicken cut producing country in Scandinavia, comprising approx. 73% of total volume. Moreover, frozen chicken cut production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume in Sweden totaled +2.0%. In the other countries, the average annual rates were as follows: Finland (-1.6% per year) and Norway (+1.5% per year).

Frozen Chicken Cut Exports

Exports in Scandinavia

In 2022, shipments abroad of frozen cuts of chicken increased by 50% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen chicken cut exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, 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

Sweden was the main exporter of frozen cuts of chicken in Scandinavia, with the volume of exports resulting at X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Finland (X tons), generating a 19% share of total exports. Norway (X tons) took a little share of total exports.

Sweden was also the fastest-growing in terms of the frozen cuts of chicken exports, with a CAGR of +10.0% from 2012 to 2022. At the same time, Norway (+5.6%) displayed positive paces of growth. By contrast, Finland (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +29 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest frozen chicken cut supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was held by Finland ($X), with a 26% share of total exports.

In Sweden, frozen chicken cut exports increased at an average annual rate of +7.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-3.9% per year) and Norway (+7.0% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, declining by -15.9% against the previous year. Overall, the export price saw a perceptible slump. The growth pace was the most rapid in 2020 when the export price increased by 22% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Frozen Chicken Cut Imports

Imports in Scandinavia

In 2022, overseas purchases of frozen cuts of chicken increased by 12% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen chicken cut imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden dominates imports structure, finishing at X tons, which was approx. 93% of total imports in 2022. It was distantly followed by Finland (X tons), comprising a 7% share of total imports.

Sweden was also the fastest-growing in terms of the frozen cuts of chicken imports, with a CAGR of +3.3% from 2012 to 2022. At the same time, Finland (+2.8%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported frozen cuts of chicken in Scandinavia, comprising 92% of total imports. The second position in the ranking was held by Finland ($X), with a 7.8% share of total imports.

In Sweden, frozen chicken cut imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, increasing by 4.8% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by 7.4% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 (-1.9%).

Source: IndexBox Platform