Sweden: Dry Bean Market 2024

Dry Bean Market Size in Sweden

The Swedish dry bean market reached $X in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a resilient expansion. Dry bean consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dry Bean Exports

Exports from Sweden

In 2022, overseas shipments of beans (dry) increased by 30% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 130% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, dry bean exports rose slightly to $X in 2022. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 114%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for dry bean exports from Sweden, accounting for a 73% share of total exports. Moreover, dry bean exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.6% per year) and Italy (+82.6% per year).

In value terms, Finland ($X), Italy ($X) and Denmark ($X) were the largest markets for dry bean exported from Sweden worldwide, together accounting for 87% of total exports.

Among the main countries of destination, Italy, with a CAGR of +77.7%, saw the highest growth rate of 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

The average dry bean export price stood at $X per ton in 2022, dropping by -19.7% against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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 Norway ($X per ton), while the average price for exports to Denmark ($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 Estonia (+24.4%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Bean Imports

Imports into Sweden

Dry bean imports into Sweden skyrocketed to X tons in 2022, increasing by 19% compared with the year before. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, dry bean imports rose to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 37% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and Denmark (X tons) were the main suppliers of dry bean imports to Sweden, with a combined 30% share of total imports. China, Portugal, Italy, Spain, Kyrgyzstan, Canada, Germany, Argentina, Poland and Egypt lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +70.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dry bean suppliers to Sweden were China ($X), the Netherlands ($X) and Turkey ($X), with a combined 34% share of total imports. Denmark, Kyrgyzstan, Italy, Canada, Spain, Argentina, Germany, Poland, Portugal and Egypt lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, Poland, with a CAGR of +65.3%, saw the highest growth rate of 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

In 2022, the average dry bean import price amounted to $X per ton, dropping by -14.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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