Sweden: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Sweden

After three years of decline, the Swedish concentrated grapefruit juice market increased by 1,555% to $X in 2021. Overall, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Concentrated Grapefruit Juice Exports

Exports from Sweden

In 2021, concentrated grapefruit juice exports from Sweden soared to X kg, picking up by 137% against the year before. Over the period under review, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2019 when exports increased by 184% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. Overall, exports, however, showed a sharp slump. The most prominent rate of growth was recorded in 2019 when exports increased by 175% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iceland (X kg), Australia (X kg) and Japan (X kg) were the main destinations of concentrated grapefruit juice exports from Sweden, with a combined 15% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), Iceland ($X) and North Macedonia ($X) constituted the largest markets for concentrated grapefruit juice exported from Sweden worldwide, together comprising 47% of total exports.

Australia, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, with an increase of 1.7% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated grapefruit juice export price decreased by -18.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Japan ($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 Iceland (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Sweden

In 2021, purchases abroad of concentrated grapefruit juice increased by 1,931% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, concentrated grapefruit juice imports soared to $X in 2021. In general, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) was the main concentrated grapefruit juice supplier to Sweden, accounting for a 96% share of total imports. It was followed by the Netherlands (X tons), with a 2.9% share of total imports. Iran (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.2% per year) and Iran (-5.8% per year).

In value terms, Italy ($X) constituted the largest supplier of concentrated grapefruit juice to Sweden, comprising 91% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6% share of total imports. It was followed by Denmark, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.1% per year) and Denmark (+29.0% per year).

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, which is down by -34.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 100%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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