Sweden: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Sweden

The Swedish breakfast cereal market rose rapidly to $X in 2021, picking up by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Breakfast Cereal Production in Sweden

In value terms, breakfast cereal production declined modestly to $X in 2021 estimated in export price. Overall, production showed a abrupt decline. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Breakfast Cereal Exports

Exports from Sweden

In 2021, shipments abroad of breakfast cereals increased by X% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, breakfast cereal exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for breakfast cereal exports from Sweden, with a X% share of total exports. Moreover, breakfast cereal exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Denmark (+X% per year).

In value terms, Norway ($X) remains the key foreign market for breakfast cereal exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Denmark (+X% per year).

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+X%), while the prices for the other major destinations experienced a decline.

Breakfast Cereal Imports

Imports into Sweden

In 2021, purchases abroad of breakfast cereals decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, breakfast cereal imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Denmark (X tons) and the UK (X tons) were the main suppliers of breakfast cereal imports to Sweden, together accounting for X% of total imports. Belgium, Turkey, Poland and the Netherlands lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the UK ($X) were the largest breakfast cereal suppliers to Sweden, with a combined X% share of total imports. Belgium, Poland, the Netherlands and Turkey lagged somewhat behind, together accounting for a further X the main suppliers, Poland, 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

In 2021, the average breakfast cereal import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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