Scandinavia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Scandinavia

The Scandinavia wheat and meslin flour market shrank slightly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption recorded a slight downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Scandinavia

In value terms, wheat and meslin flour production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports in Scandinavia

For the third year in a row, Scandinavia recorded decline in overseas shipments of wheat and meslin flour, which decreased by -12% to X tons in 2022. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 15%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports rose rapidly to $X in 2022. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 9.3%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Sweden (X tons) and Finland (X tons), together resulting at 100% of total export.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of -11.4%).

In value terms, the largest wheat and meslin flour supplying countries in Scandinavia were Sweden ($X) and Finland ($X).

Sweden, with a CAGR of -8.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, surging by 20% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price increased by +109.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 26%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.8%).

Imports of Wheat and Meslin Flour

Imports in Scandinavia

In 2022, purchases abroad of wheat and meslin flour decreased by -13.7% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 12% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports amounted to $X in 2022. Overall, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden was the major importer of wheat and meslin flour in Scandinavia, with the volume of imports accounting for X tons, which was near 47% of total imports in 2022. Finland (X tons) took a 31% share (based on physical terms) of total imports, which put it in second place, followed by Norway (22%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of +7.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest wheat and meslin flour importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Norway, with a CAGR of +7.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, picking up by 16% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour import price increased by +82.6% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform