Sweden: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Sweden

The Swedish evaporated and condensed milk market soared to $X in 2022, growing by 169% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Evaporated And Condensed Milk in Sweden

In value terms, evaporated and condensed milk production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a deep setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Sweden

In 2022, approx. X tons of evaporated and condensed milk were exported from Sweden; waning by -6.2% compared with the year before. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 978%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, evaporated and condensed milk exports surged to $X in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 790% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the Netherlands (X tons) and Denmark (X tons) were the main destinations of evaporated and condensed milk exports from Sweden, together comprising 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +161.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Denmark ($X) and France ($X) appeared to be the largest markets for evaporated and condensed milk exported from Sweden worldwide, together accounting for 77% of total exports.

The Netherlands, with a CAGR of +129.1%, 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 evaporated and condensed milk export price stood at $X per ton in 2022, with an increase of 26% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Denmark ($X per ton), while the average price for exports to France ($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 Germany (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Evaporated And Condensed Milk

Imports into Sweden

In 2022, approx. X tons of evaporated and condensed milk were imported into Sweden; growing by 78% on the year before. Overall, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 163% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 62%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of evaporated and condensed milk imports to Sweden, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest evaporated and condensed milk suppliers to Sweden were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 95% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +20.6%, recorded 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 evaporated and condensed milk import price amounted to $X per ton, waning by -17.2% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, evaporated and condensed milk import price increased by +34.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 62% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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