Scandinavia: Meat Market 2024

Meat Market Size in Scandinavia

The Scandinavia meat market stood at $X in 2022, flattening at the previous year. In general, consumption, however, saw a slight downturn. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Meat Production in Scandinavia

In value terms, meat production reached $X in 2022 estimated in export price. Over the period under review, production saw a slight slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Sweden (X tons), Finland (X tons) and Norway (X tons).

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average meat yield shrank modestly to X kg per head in 2022, stabilizing at the previous year. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the meat yield attained the peak level at X kg per head in 2021, and then fell modestly in the following year.

In 2022, number of animals slaughtered for meat production in Scandinavia totaled X heads, approximately reflecting 2021 figures. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2018; however, from 2019 to 2022, producing animals stood at a somewhat lower figure.

Meat Exports

Exports in Scandinavia

In 2022, after three years of growth, there was significant decline in shipments abroad of meat, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, meat exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Finland represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Sweden (X tons), creating a X% share of total exports. Norway (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

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

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Norway (X%), while the other leaders experienced a decline in the export price figures.

Meat Imports

Imports in Scandinavia

In 2022, the amount of meat imported in Scandinavia dropped slightly to X tons, declining by X% compared with the previous year. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, meat imports expanded rapidly to $X in 2022. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Sweden was the major importer of meat in Scandinavia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Finland (X tons) took the second position in the ranking, distantly followed by Norway (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to meat imports into Sweden stood at X%. Norway experienced a relatively flat trend pattern. Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Sweden stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform