Scandinavia: Potato Chips Market 2025

Potato Chips Market Size in Scandinavia

The Scandinavia potato chips market reached $X in 2022, surging by 6% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Potato Chips Production in Scandinavia

In value terms, potato chips production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

Potato Chips Exports

Exports in Scandinavia

In 2022, shipments abroad of potato chips decreased by -3.7% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, potato chips exports dropped modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. The level of export peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

Sweden prevails in exports structure, resulting at X tons, which was near 93% of total exports in 2022. The following exporters - Norway (X tons) and Finland (X tons) - together made up 6.7% of total exports.

Exports from Sweden increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Norway (+8.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.7% from 2012-2022. By contrast, Finland (-13.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Norway increased by +6.8 and +2.1 percentage points, respectively.

In value terms, Sweden ($X) remains the largest potato chips supplier in Scandinavia, comprising 93% of total exports. The second position in the ranking was held by Norway ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+11.8% per year) and Finland (-10.9% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, growing by 2.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Potato Chips Imports

Imports in Scandinavia

In 2022, approx. X tons of potato chips were imported in Scandinavia; surging by 5.6% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, potato chips imports reached $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) was the largest importer of potato chips, comprising 65% of total imports. Finland (X tons) held the second position in the ranking, distantly followed by Norway (X tons). All these countries together held near 35% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to potato chips imports into Sweden stood at -1.7%. At the same time, Finland (+3.1%) and Norway (+2.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.1% from 2012-2022. While the share of Finland (+7.6 p.p.) and Norway (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-9.4 p.p.) displayed negative dynamics.

In value terms, the largest potato chips importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Among the main importing countries, Norway, with a CAGR of +2.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, dropping by -3.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 10%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform