Scandinavia: Spinach Market 2024

Spinach Market Size in Scandinavia

The Scandinavia spinach market contracted to $X in 2022, shrinking by -9.5% against the previous year. Over the period under review, consumption showed a perceptible setback. The pace of growth appeared the most rapid in 2020 when the market value increased by 4.4% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Spinach Production in Scandinavia

In value terms, spinach production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 82% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Finland (X tons) constituted the country with the largest volume of spinach production, accounting for 77% of total volume. Moreover, spinach production in Finland exceeded the figures recorded by the second-largest producer, Sweden (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Finland was relatively modest.

In 2022, the average yield of spinach in Scandinavia skyrocketed to X tons per ha, rising by 31% compared with the year before. Over the period under review, the yield, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, the spinach yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spinach harvested area declined to X ha in 2022, shrinking by -6.2% compared with the year before. In general, the harvested area saw a pronounced setback. The growth pace was the most rapid in 2020 when the harvested area increased by 27% against the previous year. Over the period under review, the harvested area dedicated to spinach production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Spinach Exports

Exports in Scandinavia

In 2022, exports of spinach in Scandinavia surged to X tons, rising by 23% against the year before. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 486% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, spinach exports totaled $X in 2022. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 119% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Sweden (X tons) represented roughly 100% of total exports in 2022.

Sweden was also the fastest-growing in terms of the spinach exports, with a CAGR of +19.2% from 2012 to 2022. While the share of Sweden (+3.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest spinach supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +16.3%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -17.9% against the previous year. In general, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 150%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -2.4% per year.

Spinach Imports

Imports in Scandinavia

In 2022, imports of spinach in Scandinavia declined to X tons, falling by -2.2% on the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, spinach imports reduced to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +4.9% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 25%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Sweden represented the largest importing country with an import of around X tons, which finished at 56% of total imports. Norway (X tons) held the second position in the ranking, distantly followed by Finland (X tons). All these countries together held near 44% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Finland, with a CAGR of +12.6%, saw 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 -9.4% against the previous year. Over the period under review, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Finland (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform