Scandinavia: Grape Must Market 2024

Grape Must Market Size in Scandinavia

The Scandinavia grape must market dropped sharply to $X in 2021, declining by -59% against the previous year. In general, consumption saw a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Grape Must Production in Scandinavia

In value terms, grape must production dropped rapidly to $X in 2021 estimated in export price. In general, production showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Grape Must Exports

Exports in Scandinavia

In 2021, grape must exports in Scandinavia skyrocketed to X litres, with an increase of 228% on 2020. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grape must exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 109%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark dominates exports structure, recording X litres, which was near 98% of total exports in 2021. Sweden (X litres) held a minor share of total exports.

Denmark was also the fastest-growing in terms of the grape must exports, with a CAGR of +29.0% from 2012 to 2021. Sweden (-14.1%) illustrated a downward trend over the same period. Denmark (+41 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -37.3% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest grape must supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was taken by Sweden ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark amounted to +15.2%.

Export Prices by Country

The export price in Scandinavia stood at $X per litre in 2021, reducing by -44.1% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 when the export price increased by 630%. As a result, the export price attained the peak level of $X per litre. From 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per litre), while Denmark totaled $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%).

Grape Must Imports

Imports in Scandinavia

In 2021, purchases abroad of grape must decreased by -3.8% to X litres, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum at X litres in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, grape must imports shrank to $X in 2021. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 131% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Sweden represented the major importing country with an import of around X litres, which finished at 70% of total imports. Denmark (X litres) took the second position in the ranking, distantly followed by Iceland (X litres) and Norway (X litres). All these countries together held approx. 29% share of total imports.

Imports into Sweden increased at an average annual rate of +10.1% from 2012 to 2021. At the same time, Iceland (+34.0%) and Denmark (+13.1%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +34.0% from 2012-2021. By contrast, Norway (-6.9%) illustrated a downward trend over the same period. While the share of Sweden (+16 p.p.), Denmark (+7.9 p.p.) and Iceland (+4.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-11.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported grape must in Scandinavia, comprising 62% of total imports. The second position in the ranking was taken by Denmark ($X), with a 23% share of total imports. It was followed by Norway, with a 10% share.

In Sweden, grape must imports increased at an average annual rate of +5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+17.6% per year) and Norway (+0.2% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per litre, waning by -5.4% against the previous year. In general, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2014 when the import price increased by 26%. Over the period under review, import prices hit record highs at $X per litre in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per litre), while Iceland ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform