Scandinavia: Wine Market 2024

Wine Market Size in Scandinavia

In 2022, the Scandinavia wine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Wine Production in Scandinavia

In value terms, wine production totaled $X in 2022 estimated in export price. In general, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wine Exports

Exports in Scandinavia

In 2022, the amount of wine and grape must exported in Scandinavia expanded markedly to X litres, growing by X% against 2021. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wine exports expanded markedly to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X litres) and Finland (X litres) represented the key exporters of wine and grape must in Scandinavia, together committing X% of total exports. It was distantly followed by Norway (X litres), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per litre, declining by X% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the export price figures.

Wine Imports

Imports in Scandinavia

In 2022, overseas purchases of wine and grape must decreased by X% to X litres, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X litres. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wine imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Sweden (X litres) was the largest importer of wine and grape must, committing X% of total imports. Norway (X litres) held the second position in the ranking, followed by Finland (X litres). All these countries together took near X% share of total imports.

Sweden was also the fastest-growing in terms of the wine and grape must imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. From 2012 to 2022, the share of Sweden increased by X percentage points.

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

In terms of the main importing countries, Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per litre in 2022, waning by X% 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 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per litre), while Finland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform