Scandinavia: Mixed Juices Market 2024

Mixed Juices Market Size in Scandinavia

In 2022, the Scandinavia mixed juices market decreased by -8.2% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption saw a mild decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Mixed Juices Production in Scandinavia

In value terms, mixed juices production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Mixed Juices Exports

Exports in Scandinavia

Mixed juices exports dropped dramatically to X tons in 2022, falling by -21.1% against the previous year's figure. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed juices exports contracted significantly to $X in 2022. Overall, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2019 when exports increased by 12% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden dominates exports structure, recording X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Finland (X tons), mixing up a 7.7% share of total exports.

Sweden was also the fastest-growing in terms of the mixtures of fruit and vegetable juices exports, with a CAGR of -3.2% from 2012 to 2022. Finland (-9.0%) illustrated a downward trend over the same period. Sweden (+5 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -5.8% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest mixed juices supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Finland ($X), with a 7.6% share of total exports.

In Sweden, mixed juices exports plunged by an average annual rate of -5.1% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2016 an increase of 13% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 Finland (+7.2%).

Mixed Juices Imports

Imports in Scandinavia

After three years of growth, supplies from abroad of mixtures of fruit and vegetable juices decreased by -3.2% to X tons in 2022. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +89.5% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, mixed juices imports contracted sharply to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 37%. The level of import peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Sweden was the main importing country with an import of about X tons, which accounted for 84% of total imports. It was distantly followed by Finland (X tons), constituting a 14% share of total imports. Norway (X tons) held a little share of total imports.

Sweden was also the fastest-growing in terms of the mixtures of fruit and vegetable juices imports, with a CAGR of +8.0% from 2012 to 2022. At the same time, Finland (+1.8%) displayed positive paces of growth. By contrast, Norway (-9.8%) illustrated a downward trend over the same period. While the share of Sweden (+15 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-6.7 p.p.) and Norway (-7.9 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported mixtures of fruit and vegetable juices in Scandinavia, comprising 74% of total imports. The second position in the ranking was taken by Finland ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+1.3% per year) and Norway (-8.5% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, which is down by -16.3% against the previous year. Overall, the import price showed a slight downturn. The growth pace was the most rapid in 2017 when the import price increased by 17%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 Norway (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform