Sweden: Cream Market 2021

Cream Market Size in Sweden

In 2020, the Swedish cream market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Cream Production in Sweden

In value terms, cream production reduced to $X in 2020 estimated in export prices. In general, production, however, saw a slight setback. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Cream Exports

Exports from Sweden

For the thirteenth year in a row, Sweden recorded decline in overseas shipments of cream, which decreased by -X% to X tons in 2020. Over the period under review, exports faced a abrupt downturn. The smallest decline of -X% was in 2009. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports reduced to $X in 2020. Overall, exports recorded a abrupt downturn. The smallest decline of -X% was in 2009. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of cream exports from Sweden, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Germany, while shipments for the other leaders experienced a decline.

In value terms, Germany ($X), Denmark ($X) and Finland ($X) constituted the largest markets for cream exported from Sweden worldwide, together comprising X% of total exports.

Among the main countries of destination, Germany saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cream export price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Finland, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into Sweden

In 2020, overseas purchases of cream decreased by -X% to X tons, falling for the ninth year in a row after three years of growth. Overall, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, cream imports rose sharply to $X in 2020. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, Denmark (X tons) constituted the largest cream supplier to Sweden, with a X% share of total imports. Moreover, cream imports from Denmark exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+X% per year) and Germany (-X% per year).

In value terms, Finland ($X) constituted the largest supplier of cream to Sweden, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Finland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Finland ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Finland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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