Scandinavia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Scandinavia

The Scandinavia glycosides and vegetable alkaloids market declined rapidly to $X in 2021, with a decrease of -25.3% against the previous year. Overall, consumption continues to indicate a pronounced decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Scandinavia

In value terms, glycosides and vegetable alkaloids production dropped notably to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports in Scandinavia

In 2021, shipments abroad of glycosides and vegetable alkaloids increased by 468% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt setback. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden prevails in exports structure, amounting to X tons, which was near 94% of total exports in 2021. Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to glycosides and vegetable alkaloids exports from Sweden stood at -6.3%. At the same time, Denmark (+11.5%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.5% from 2012-2021. While the share of Denmark (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-2.3 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest glycosides and vegetable alkaloids supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was held by Sweden ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark amounted to +20.8%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, reducing by -71.1% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 674%. As a result, the export price reached the peak level of $X per ton. From 2020 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 Denmark ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.4%).

Imports of Glycosides And Vegetable Alkaloids

Imports in Scandinavia

Glycosides and vegetable alkaloids imports reduced to X tons in 2021, with a decrease of -12.9% on the year before. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2013 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Norway (X tons) represented the main importer of glycosides and vegetable alkaloids, creating 43% of total imports. It was distantly followed by Sweden (X tons), Denmark (X tons) and Finland (X tons), together committing a 56% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +8.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported glycosides and vegetable alkaloids in Scandinavia, comprising 80% of total imports. The second position in the ranking was held by Norway ($X), with an 8.2% share of total imports. It was followed by Denmark, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +17.4%. In the other countries, the average annual rates were as follows: Norway (-1.5% per year) and Denmark (-7.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 150% against the previous year. Overall, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($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 (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform