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Scandinavia - Sugar - Market Analysis, Forecast, Size, Trends and Insights

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Scandinavia: Sugar Market 2022

Sugar Market Size in Scandinavia

The Scandinavia sugar market expanded sharply to $X in 2021, picking up by 8.4% against the previous year. Over the period under review, consumption recorded a noticeable curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Sugar Production in Scandinavia

In value terms, sugar production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Denmark (X tons), Sweden (X tons) and Finland (X tons).

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Finland (with a CAGR of -1.1%), while production for the other leaders experienced a decline in the production figures.

Sugar Exports

Exports in Scandinavia

In 2021, shipments abroad of sugar increased by 10% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugar exports surged to $X in 2021. Overall, exports, however, saw a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark was the key exporting country with an export of about X tons, which finished at 82% of total exports. It was distantly followed by Sweden (X tons), comprising a 16% share of total exports. Finland (X tons) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the sugar exports, with a CAGR of -2.8% from 2012 to 2021. Sweden (-7.4%) and Finland (-20.6%) illustrated a downward trend over the same period. Denmark (+13 p.p.) significantly strengthened its position in terms of the total exports, while Sweden and Finland saw its share reduced by -4.8% and -8.1% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest sugar supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was held by Sweden ($X), with a 19% share of total exports.

In Denmark, sugar exports contracted by an average annual rate of -5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-7.9% per year) and Finland (-17.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 4.4% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when the export price increased by 4.7%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.4%), while the other leaders experienced a decline in the export price figures.

Sugar Imports

Imports in Scandinavia

For the fifth consecutive year, Scandinavia recorded decline in supplies from abroad of sugar, which decreased by -2.4% to X tons in 2021. Overall, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2013 when imports increased by 8.2% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sugar imports reached $X in 2021. In general, imports recorded a abrupt descent. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Norway (X tons) and Finland (X tons) represented roughly 73% of total imports in 2021. Denmark (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (10%). Iceland (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Norway (with a CAGR of -1.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest sugar importing markets in Scandinavia were Norway ($X), Finland ($X) and Denmark ($X), together accounting for 81% of total imports.

In terms of the main importing countries, Norway, with a CAGR of -4.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 12% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 13% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Finland ($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 (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the sugar market in Scandinavia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 162 - Sugar, Raw Centrifugal
FCL 163 -

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Scandinavia, split by region and country
Trade (exports and imports) in Scandinavia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Finland
- Norway
- Sweden
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Harvested Area, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Area Harvested, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Harvested Area, By Country, 2023
25. Harvested Area, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023