Scandinavia: Tomato Puree Market 2024

Tomato Puree Market Size in Scandinavia

For the fourth year in a row, the Scandinavia tomato puree market recorded growth in sales value, which increased by 4.8% to $X in 2022. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Tomato Puree Production in Scandinavia

In value terms, tomato puree production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 102%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Tomato Puree Exports

Exports in Scandinavia

In 2022, exports of tomato puree and paste in Scandinavia fell notably to X tons, which is down by -24.2% against the year before. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 24% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tomato puree exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the main exporting country with an export of around X tons, which finished at 83% of total exports. It was distantly followed by Finland (X tons), achieving a 16% share of total exports.

Sweden was also the fastest-growing in terms of the tomato puree and paste exports, with a CAGR of +6.7% from 2012 to 2022. Finland (-17.3%) illustrated a downward trend over the same period. Sweden (+60 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -39.9% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest tomato puree supplier in Scandinavia, comprising 86% of total exports. The second position in the ranking was taken by Finland ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +1.6%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by 6.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 27% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.7%).

Tomato Puree Imports

Imports in Scandinavia

In 2022, after seven years of growth, there was decline in purchases abroad of tomato puree and paste, when their volume decreased by -3.2% to X tons. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 10% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, tomato puree imports reached $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +35.8% against 2014 indices. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Sweden (X tons) represented the key importer of tomato puree and paste, constituting 57% of total imports. Norway (X tons) ranks second in terms of the total imports with a 25% share, followed by Finland (19%).

From 2012 to 2022, average annual rates of growth with regard to tomato puree imports into Sweden stood at +2.8%. At the same time, Norway (+5.5%) and Finland (+3.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.5% from 2012-2022. While the share of Norway (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported tomato puree and paste in Scandinavia, comprising 54% of total imports. The second position in the ranking was taken by Norway ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+7.4% per year) and Finland (+5.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, increasing by 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the import price increased by 13%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 Finland (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform