Sweden: Dairy Spread Market 2024

Dairy Spread Market Size in Sweden

The Swedish dairy spread market fell to $X in 2022, with a decrease of -6.6% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Dairy Spread Production in Sweden

In value terms, dairy spread production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 52%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Dairy Spread Exports

Exports from Sweden

For the third year in a row, Sweden recorded decline in shipments abroad of dairy spreads, which decreased by -5.7% to X tons in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 2,295% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, dairy spread exports contracted to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,695%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for dairy spread exports from Sweden, accounting for a 77% share of total exports. It was followed by Denmark (X tons), with a 1.3% share of total exports. Belgium (X tons) ranked third in terms of total exports with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at +131.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+54.2% per year) and Belgium (+6.9% per year).

In value terms, Finland ($X) remains the key foreign market for dairy spreads exports from Sweden, comprising 75% of total exports. The second position in the ranking was held by Denmark ($X), with a 1.4% share of total exports. It was followed by Belgium, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to Finland totaled +126.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+52.1% per year) and Belgium (+13.4% per year).

Export Prices by Country

The average dairy spread export price stood at $X per ton in 2022, falling by -1.8% against the previous year. In general, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Finland ($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 the UK (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Sweden

For the fifth year in a row, Sweden recorded decline in supplies from abroad of dairy spreads, which decreased by -24.9% to X tons in 2022. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 122%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy spread imports dropped markedly to $X in 2022. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by 61% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest dairy spread supplier to Sweden, accounting for a 62% share of total imports. Moreover, dairy spread imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. Slovenia (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+83.0% per year) and Slovenia (-35.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of dairy spreads to Sweden, comprising 49% of total imports. The second position in the ranking was held by Austria ($X), with a 21% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+82.2% per year) and Germany (+29.7% per year).

Import Prices by Country

In 2022, the average dairy spread import price amounted to $X per ton, picking up by 8.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 43% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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