Sweden: Cereal Germ Market 2024

Cereal Germ Market Size in Sweden

The Swedish cereal germ market expanded rapidly to $X in 2021, with an increase of 9% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.7% against 2019 indices. Cereal germ consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cereal Germ Production in Sweden

In value terms, cereal germ production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.6% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 76% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Cereal Germ Exports

Exports from Sweden

In 2021, overseas shipments of cereal germ decreased by -1.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 2,113% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal germ exports skyrocketed to $X in 2021. In general, exports, however, posted a modest increase. The growth pace was the most rapid in 2019 when exports increased by 1,800%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Norway (X tons) was the main destination for cereal germ exports from Sweden, accounting for a 81% share of total exports. Moreover, cereal germ exports to Norway exceeded the volume sent to the second major destination, the UK (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.8% per year) and the United States (-70.9% per year).

In value terms, Norway ($X) remains the key foreign market for cereal germ exports from Sweden, comprising 94% of total exports. The second position in the ranking was taken by the UK ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.3% per year) and the United States (-69.6% per year).

Export Prices by Country

The average cereal germ export price stood at $X per ton in 2021, growing by 351% against the previous year. In general, the export price showed perceptible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States ($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 the United States (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Germ Imports

Imports into Sweden

In 2021, the amount of cereal germ imported into Sweden fell to X tons, reducing by -6.9% against the year before. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 10%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cereal germ imports fell to $X in 2021. In general, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 16%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of cereal germ to Sweden, accounting for a 77% share of total imports. Moreover, cereal germ imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. The third position in this ranking was taken by Belgium (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+1.1% per year) and Belgium (+11.8% per year).

In value terms, Germany ($X), Denmark ($X) and Ethiopia ($X) constituted the largest cereal germ suppliers to Sweden, together comprising 88% of total imports.

Ethiopia, with a CAGR of +140,889.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, increasing by 6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ethiopia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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