Sweden: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Sweden

After two years of growth, the Swedish meat meals and pellets market decreased by -14.8% to $X in 2021. In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.7% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Sweden

In value terms, meat meals and pellets production fell to $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.0% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Sweden

For the fifth year in a row, Sweden recorded growth in overseas shipments of flours, meals and pellets of meat or meat offal, which increased by 15% to X tons in 2021. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 640% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, meat meals and pellets exports skyrocketed to $X in 2021. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 1,277% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for meat meals and pellets exports from Sweden, with a 44% share of total exports. Moreover, meat meals and pellets exports to Denmark exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+7.0% per year) and Belgium (+12.3% per year).

In value terms, Denmark ($X) remains the key foreign market for flours, meals and pellets of meat or meat offal exports from Sweden, comprising 67% of total exports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total exports. It was followed by Belgium, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Denmark totaled +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+2.9% per year) and Belgium (+19.0% per year).

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, surging by 5.2% against the previous year. In general, the export price, however, showed a slight decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 86%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Indonesia ($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 Denmark (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Sweden

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported into Sweden; growing by 7.1% against the previous year. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.1% against 2014 indices. The pace of growth was the most pronounced in 2016 when imports increased by 23%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, meat meals and pellets imports soared to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Norway (X tons) constituted the largest meat meals and pellets supplier to Sweden, with a 69% share of total imports. Moreover, meat meals and pellets imports from Norway exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+102.8% per year) and the Netherlands (-14.3% per year).

In value terms, Norway ($X), Finland ($X) and the Netherlands ($X) appeared to be the largest meat meals and pellets suppliers to Sweden, with a combined 89% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of +77.4%, recorded the highest rates of growth with regard to 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 2021, the average meat meals and pellets import price amounted to $X per ton, picking up by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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