Scandinavia: Wheat Gluten Market 2024

Wheat Gluten Market Size in Scandinavia

The Scandinavia wheat gluten market reached $X in 2022, with an increase of 11% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +10.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.9% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Wheat Gluten Production in Scandinavia

In value terms, wheat gluten production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Wheat Gluten Exports

Exports in Scandinavia

Wheat gluten exports rose remarkably to X tons in 2022, increasing by 11% against the year before. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wheat gluten exports skyrocketed to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +103.0% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Sweden (X tons) was the largest exporter of wheat gluten in Scandinavia, creating 99% of total export.

Sweden was also the fastest-growing in terms of the wheat gluten exports, with a CAGR of +3.2% from 2012 to 2022. Sweden (+12 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +8.3%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by 14% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price 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, wheat gluten export price increased by +74.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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 +5.0% per year.

Wheat Gluten Imports

Imports in Scandinavia

In 2022, supplies from abroad of wheat gluten decreased by -4.2% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wheat gluten imports surged to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 45% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Norway prevails in imports structure, amounting to X tons, which was approx. 97% of total imports in 2022. The following importers - Finland (X tons) and Sweden (X tons) - each recorded a 3.2% share of total imports.

Norway was also the fastest-growing in terms of the wheat gluten imports, with a CAGR of +8.0% from 2012 to 2022. Sweden (-2.9%) and Finland (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +6.6 percentage points.

In value terms, Norway ($X) constitutes the largest market for imported wheat gluten in Scandinavia, comprising 97% of total imports. The second position in the ranking was held by Finland ($X), with a 1.6% share of total imports.

In Norway, wheat gluten imports increased at an average annual rate of +12.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+0.3% per year) and Sweden (-0.7% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 when the import price increased by 28% against the previous year. The level of import peaked 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 Finland ($X per ton), while Norway ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform