Scandinavia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Scandinavia

In 2021, the Scandinavia prepared dish and meal market decreased by -3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Prepared Dishes And Meals in Scandinavia

In value terms, prepared dish and meal production dropped modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Dishes And Meals

Exports in Scandinavia

Prepared dish and meal exports rose remarkably to X tons in 2021, picking up by 10% against the year before. Overall, exports, however, continue to indicate a mild reduction. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, prepared dish and meal exports soared to $X in 2021. The total export value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark represented the main exporter of prepared dishes and meals in Scandinavia, with the volume of exports resulting at X tons, which was approx. 61% of total exports in 2021. Sweden (X tons) ranks second in terms of the total exports with a 32% share, followed by Norway (4.6%). Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +69.9%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 97% of total exports. Finland lagged somewhat behind, comprising a further 2.5%.

Finland, with a CAGR of +62.7%, recorded 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 more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 when the export price increased by 10% against the previous year. 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 Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Imports of Prepared Dishes And Meals

Imports in Scandinavia

In 2021, supplies from abroad of prepared dishes and meals decreased by -0.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 16%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, prepared dish and meal imports expanded rapidly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 14%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons) and Denmark (X tons) were the major importers of prepared dishes and meals in 2021, resulting at near 37% and 28% of total imports, respectively. Norway (X tons) held the next position in the ranking, followed by Finland (X tons). All these countries together held near 33% share of total imports. Iceland (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 81% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 19%.

In terms of the main importing countries, Iceland, with a CAGR of +4.2%, recorded 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, picking up by 11% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 91% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+18.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform