Scandinavia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Scandinavia

The Scandinavia tomato ketchup market amounted to $X in 2022, remaining constant against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Tomato Ketchup Production in Scandinavia

In value terms, tomato ketchup production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Tomato Ketchup Exports

Exports in Scandinavia

After two years of growth, overseas shipments of tomato ketchup and tomato sauces decreased by -1.3% to X tons in 2022. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 30%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato ketchup exports shrank slightly to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 66%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, recording X tons, which was approx. 97% of total exports in 2022. Finland (X tons) took a little share of total exports.

Sweden was also the fastest-growing in terms of the tomato ketchup and tomato sauces exports, with a CAGR of +1.8% from 2012 to 2022. Finland (-1.7%) illustrated a downward trend over the same period. While the share of Sweden (+4.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest tomato ketchup supplier in Scandinavia, comprising 96% of total exports. The second position in the ranking was taken by Finland ($X), with a 3.5% share of total exports.

In Sweden, tomato ketchup exports expanded at an average annual rate of +1.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, reducing by -2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 28%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.0%).

Tomato Ketchup Imports

Imports in Scandinavia

In 2022, after three years of growth, there was significant decline in overseas purchases of tomato ketchup and tomato sauces, when their volume decreased by -6.1% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 10%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, tomato ketchup imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) and Finland (X tons) were the major importers of tomato ketchup and tomato sauces in Scandinavia, together comprising 70% of total imports. It was followed by Norway (X tons), comprising a 30% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +1.3%), while imports for the other leaders experienced more modest paces of growth.

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

Norway, with a CAGR of +2.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by 4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11%. The level of import peaked 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 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 (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform