Scandinavia: Maltodextrine Market 2024

Maltodextrine Market Size in Scandinavia

The Scandinavia maltodextrine market rose significantly to $X in 2021, increasing by 5.4% against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.5% against 2016 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Maltodextrine Production in Scandinavia

In value terms, maltodextrine production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Maltodextrine Exports

Exports in Scandinavia

In 2021, approx. X tons of maltodextrine and maltodextine syrup were exported in Scandinavia; increasing by 4.4% on the previous year. Over the period under review, exports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of 38%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, maltodextrine exports skyrocketed to $X in 2021. Total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Sweden represented the main exporter of maltodextrine and maltodextine syrup in Scandinavia, with the volume of exports amounting to X tons, which was near 78% of total exports in 2021. It was distantly followed by Denmark (X tons), achieving a 21% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to maltodextrine exports from Sweden stood at -5.8%. At the same time, Denmark (+7.2%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.2% from 2012-2021. Denmark (+14 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -13% from 2012 to 2021, respectively.

In value terms, Sweden ($X) and Denmark ($X) were the countries with the highest levels of exports in 2021.

Denmark, with a CAGR of +10.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 11% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, maltodextrine export price decreased by -4.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Sweden (+5.7%).

Maltodextrine Imports

Imports in Scandinavia

In 2021, the amount of maltodextrine and maltodextine syrup imported in Scandinavia rose remarkably to X tons, with an increase of 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, maltodextrine imports expanded slightly to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 38% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) represented the key importer of maltodextrine and maltodextine syrup, comprising 55% of total imports. Sweden (X tons) took the second position in the ranking, followed by Norway (X tons) and Finland (X tons). All these countries together took near 45% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to maltodextrine imports into Denmark stood at +1.1%. At the same time, Norway (+9.3%), Finland (+5.7%) and Sweden (+3.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +9.3% from 2012-2021. From 2012 to 2021, the share of Norway, Finland and Sweden increased by +5.9, +2.4 and +1.5 percentage points, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported maltodextrine and maltodextine syrup in Scandinavia, comprising 59% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Denmark stood at +6.5%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+5.8% per year) and Norway (+3.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, dropping by -6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2019 when the import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform