Sweden: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Sweden

In 2022, the Swedish chocolate and confectionery market decreased by -34.1% to $X, falling for the fourth year in a row after five years of growth. Overall, consumption continues to indicate a abrupt decline. Chocolate and confectionery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in Sweden

In value terms, chocolate and confectionery production fell significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Sweden

In 2022, the amount of chocolate and confectionery exported from Sweden reached X tons, rising by 5.4% against the previous year. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 11%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate and confectionery exports fell slightly to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +59.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Finland (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of chocolate and confectionery exports from Sweden, with a combined 49% share of total exports. Belgium, Germany, the Netherlands, the UK, France and the United States lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +26.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Denmark ($X) constituted the largest markets for chocolate and confectionery exported from Sweden worldwide, with a combined 58% share of total exports. Belgium, Germany, the Netherlands, the UK, the United States and France lagged somewhat behind, together comprising a further 28%.

Belgium, with a CAGR of +22.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, waning by -5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 11%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the UK ($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 Norway (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Sweden

Chocolate and confectionery imports into Sweden amounted to X tons in 2022, with an increase of 9.7% against 2021 figures. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of chocolate and confectionery imports to Sweden, with a combined 50% share of total imports. Poland, Finland, Norway, Denmark, France, Lithuania, Italy, Spain, Austria and Hungary lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest chocolate and confectionery suppliers to Sweden, together accounting for 50% of total imports. Poland, Finland, Denmark, Norway, Italy, France, Lithuania, Spain, Austria and Hungary lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Hungary, with a CAGR of +16.4%, 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 and confectionery import price stood at $X per ton in 2022, declining by -8.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 5.8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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