Scandinavia: Pork Market 2025

Pork Market Size in Scandinavia

The Scandinavia pork market was estimated at $X in 2022, with an increase of 1.6% against the previous year. Overall, consumption recorded a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of 9.7% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Pork Production in Scandinavia

In value terms, pork production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth 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 most notable rate of growth in terms of production, amongst the main producing countries, was attained by Sweden (with a CAGR of +0.7%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of pork in Scandinavia dropped slightly to X kg per head, remaining stable against the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by 1.1%. As a result, the yield attained the peak level of X kg per head, leveling off in the following year.

The global number of animals slaughtered for pork production reduced to X heads in 2022, flattening at the year before. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1.3%. Over the period under review, this number reached the peak level at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Pork Exports

Exports in Scandinavia

In 2022, after three years of growth, there was decline in shipments abroad of pork, when their volume decreased by -1.5% to X tons. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 34% against the previous year. The volume of export peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, pork exports shrank to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Finland (X tons) represented the largest exporter of pork, mixing up 66% of total exports. It was distantly followed by Sweden (X tons), committing a 30% share of total exports. Norway (X tons) held a minor share of total exports.

Finland was also the fastest-growing in terms of the pork exports, with a CAGR of +3.0% from 2012 to 2022. Sweden experienced a relatively flat trend pattern. Norway (-7.4%) illustrated a downward trend over the same period. While the share of Finland (+9.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-4.4 p.p.) and Norway (-5 p.p.) displayed negative dynamics.

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 +0.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -8.8% against the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2018 when the export price increased by 9.6%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Norway (+7.1%), while the other leaders experienced a decline in the export price figures.

Pork Imports

Imports in Scandinavia

In 2022, the amount of pork imported in Scandinavia fell to X tons, dropping by -7.1% on the year before. Overall, imports recorded a noticeable slump. The growth pace was the most rapid in 2013 when imports increased by 5.2%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, pork imports shrank modestly to $X in 2022. In general, imports showed a deep reduction. The growth pace was the most rapid in 2013 when imports increased by 7.2%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden represented the largest importer of pork in Scandinavia, with the volume of imports finishing at X tons, which was approx. 71% 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 near 29% share of total imports.

Imports into Sweden decreased at an average annual rate of -5.7% from 2012 to 2022. At the same time, Norway (+17.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +17.6% from 2012-2022. By contrast, Finland (-2.9%) illustrated a downward trend over the same period. Norway (+5.9 p.p.) and Finland (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -9.4% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported pork in Scandinavia, comprising 76% of total imports. The second position in the ranking was taken by Finland ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at -7.4%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-4.8% per year) and Norway (+12.3% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by 6.4% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Sweden ($X per ton), while Norway ($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 (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform