Scandinavia: Green Bean Market 2024

Green Bean Market Size in Scandinavia

In 2022, the Scandinavia green bean market increased by 0.7% to $X, rising for the second year in a row after four years of decline. In general, consumption continues to indicate a noticeable decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Green Bean Production in Scandinavia

In value terms, green bean production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by 132%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Norway (X tons) constituted the country with the largest volume of green bean production, accounting for 78% of total volume. Moreover, green bean production in Norway exceeded the figures recorded by the second-largest producer, Sweden (X tons), fivefold.

In Norway, green bean production expanded at an average annual rate of +11.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (-21.7% per year) and Finland (+5.0% per year).

In 2022, the average yield of green beans in Scandinavia amounted to X tons per ha, surging by 4.8% on the previous year. Over the period under review, the yield, however, faced a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 246% against the previous year. Over the period under review, the green bean yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of green beans in Scandinavia shrank slightly to X ha, reducing by -3.5% compared with 2021. In general, the harvested area, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Over the period under review, the harvested area dedicated to green bean production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Green Bean Exports

Exports in Scandinavia

In 2022, exports of green beans in Scandinavia declined rapidly to X tons, reducing by -32.9% against the year before. In general, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2015 when exports increased by 445% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, green bean exports fell notably to $X in 2022. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 241% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X tons) was the key exporter of green beans in Scandinavia, committing 99% of total export.

Sweden was also the fastest-growing in terms of the green beans exports, with a CAGR of -28.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest green bean supplier in Scandinavia.

In Sweden, green bean exports declined by an average annual rate of -20.7% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, growing by 10% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 126%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +11.0% per year.

Green Bean Imports

Imports in Scandinavia

In 2022, after two years of growth, there was decline in overseas purchases of green beans, when their volume decreased by -3.5% to X tons. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 19%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, green bean imports totaled $X in 2022. In general, imports continue to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 19%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) represented the major importer of green beans, achieving 70% of total imports. Norway (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Finland (6.2%).

Imports into Sweden increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Finland (+3.4%) and Norway (+1.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.4% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest green bean importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of +3.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, with an increase of 4.6% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 9.7%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform