Scandinavia: Lactose Market 2024

Lactose Market Size in Scandinavia

For the fourth consecutive year, the Scandinavia lactose market recorded growth in sales value, which increased by 36% to $X in 2022. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.1% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lactose Production in Scandinavia

In value terms, lactose production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The growth pace was the most rapid in 2014 with an increase of 512%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Lactose Exports

Exports in Scandinavia

In 2022, approx. X tons of lactose and lactose syrup were exported in Scandinavia; with an increase of 27% on the previous year's figure. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 552%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lactose exports soared to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 451% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X tons) represented the largest exporter of lactose and lactose syrup, constituting 63% of total exports. It was distantly followed by Finland (X tons), comprising a 37% 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 Finland (with a CAGR of +68.3%).

In value terms, Sweden ($X) remains the largest lactose supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was held by Finland ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +4.9%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, picking up by 24% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 40% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%).

Lactose Imports

Imports in Scandinavia

In 2022, the amount of lactose and lactose syrup imported in Scandinavia soared to X tons, with an increase of 31% on the year before. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.1% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, lactose imports skyrocketed to $X in 2022. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the largest importing country with an import of about X tons, which resulted at 81% of total imports. It was distantly followed by Finland (X tons), making up an 18% share of total imports.

Sweden was also the fastest-growing in terms of the lactose and lactose syrup imports, with a CAGR of +7.3% from 2012 to 2022. At the same time, Finland (+6.6%) displayed positive paces of growth. From 2012 to 2022, the share of Sweden increased by +7.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported lactose and lactose syrup in Scandinavia, comprising 76% of total imports. The second position in the ranking was held by Finland ($X), with a 23% share of total imports.

In Sweden, lactose imports increased at an average annual rate of +6.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2017 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.4%).

Source: IndexBox Platform