Sweden: Chocolate Market 2024

Chocolate Market Size in Sweden

The Swedish chocolate market dropped to $X in 2022, falling by -1.8% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 +11.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Chocolate Production in Sweden

In value terms, chocolate production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 72%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Chocolate Exports

Exports from Sweden

In 2022, chocolate exports from Sweden fell to X tons, reducing by -6.4% compared with the previous year. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, chocolate exports fell to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 21% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Norway (X tons) and the United States (X tons) were the main destinations of chocolate exports from Sweden, with a combined 58% share of total exports. These countries were followed by Slovakia, Germany, Lithuania, the Netherlands, Spain, Poland, Kuwait, Taiwan (Chinese), Finland and Denmark, which together accounted for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +107.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Sweden were Belgium ($X), Norway ($X) and the United States ($X), together comprising 60% of total exports. Slovakia, Germany, Lithuania, Spain, Kuwait, Poland, Taiwan (Chinese), Finland, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Slovakia, with a CAGR of +105.9%, saw 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 average chocolate export price amounted to $X per ton, with a decrease of -2% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Sweden

In 2022, chocolate imports into Sweden contracted to X tons, falling by -6.8% compared with 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 36%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, chocolate imports fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of chocolate imports to Sweden, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +86.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest chocolate suppliers to Sweden were Belgium ($X), Poland ($X) and Hungary ($X), together comprising 74% of total imports.

Among the main suppliers, Hungary, with a CAGR of +92.2%, saw the highest rates of growth with regard to 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 average chocolate import price stood at $X per ton in 2022, waning by -5.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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