Scandinavia: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Scandinavia

In 2021, after two years of growth, there was significant decline in the Scandinavia market for peel of citrus fruit or melons, when its value decreased by -16.9% to $X. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Production of Peel Of Citrus Fruit Or Melons in Scandinavia

In value terms, citrus fruit or melons peel production reduced rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. The level of production peaked at $X in 2020, and then shrank rapidly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in Scandinavia

After two years of decline, shipments abroad of peel of citrus fruit or melons increased by 8.3% to X tons in 2021. In general, exports, however, recorded a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 111%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports soared to $X in 2021. Over the period under review, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of 79% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden was the largest exporter of peel of citrus fruit or melons in Scandinavia, with the volume of exports accounting for X tons, which was approx. 75% of total exports in 2021. It was distantly followed by Denmark (X tons), mixing up a 19% share of total exports. Finland (X kg) and Norway (X kg) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of -12.7% from 2012 to 2021. Finland (-10.6%), Norway (-27.4%) and Denmark (-32.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden and Finland increased by +47 and +2.7 percentage points, respectively.

In value terms, Sweden ($X) remains the largest citrus fruit or melons peel supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Denmark ($X), with a 7% share of total exports. It was followed by Finland, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled +4.9%. In the other countries, the average annual rates were as follows: Denmark (-20.0% per year) and Finland (-13.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 16% against the previous year. Overall, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when the export price increased by 105%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+20.2%), while the other leaders experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports in Scandinavia

In 2021, overseas purchases of peel of citrus fruit or melons decreased by -12.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 12%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) was the major importer of peel of citrus fruit or melons, mixing up 57% of total imports. It was distantly followed by Finland (X tons), Denmark (X tons) and Sweden (X tons), together constituting a 40% share of total imports. Iceland (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to citrus fruit or melons peel imports into Norway stood at +3.1%. At the same time, Iceland (+9.4%) and Finland (+6.3%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +9.4% from 2012-2021. Denmark experienced a relatively flat trend pattern. By contrast, Sweden (-20.9%) illustrated a downward trend over the same period. While the share of Norway (+27 p.p.), Finland (+13 p.p.) and Denmark (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-44.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest citrus fruit or melons peel importing markets in Scandinavia were Norway ($X), Finland ($X) and Denmark ($X), with a combined 82% share of total imports. Sweden and Iceland lagged somewhat behind, together accounting for a further 18%.

Among the main importing countries, Iceland, with a CAGR of +16.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, jumping by 51% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +56.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform