Scandinavia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Scandinavia

In 2022, the Scandinavia market for malt extract and food preparations of flour, meal, and starches increased by 1.9% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +47.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Scandinavia

In value terms, production of malt extract and food preparations of flour, meal, and starches rose remarkably to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +21.2% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 60%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Scandinavia

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -14.4% to X tons, falling for the third consecutive year after four years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 34%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches contracted to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) and Sweden (X tons) prevails in starches structure, together mixing up 98% of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +6.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest malt extract and food preparations of flour, meal, and starch supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Norway, with a CAGR of +6.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 19%. The level of export peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.3%), while the other leaders experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Scandinavia

In 2022, imports of malt extract and food preparations of flour, meal, and starches in Scandinavia declined to X tons, falling by -13.6% against 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 17%. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 36%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the main importer of malt extract and food preparations of flour, meal, and starches in Scandinavia, with the volume of imports resulting at X tons, which was near 53% of total imports in 2022. Finland (X tons) ranks second in terms of the total imports with a 23% share, followed by Norway (23%).

Sweden was also the fastest-growing in terms of the malt extract and food preparations of flour, meal, and starches imports, with a CAGR of +2.2% from 2012 to 2022. At the same time, Norway (+1.8%) displayed positive paces of growth. By contrast, Finland (-6.2%) illustrated a downward trend over the same period. Sweden (+13 p.p.) and Norway (+5.1 p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by -18.3% from 2012 to 2022, respectively.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, Sweden, with a CAGR of +0.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 6.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 Finland (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform