Sweden: Baby Food Market 2024

Baby Food Market Size in Sweden

For the third consecutive year, the Swedish baby food market recorded decline in sales value, which decreased by -3.8% to $X in 2021. In general, consumption recorded a mild decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Baby Food Production in Sweden

In value terms, baby food production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 12%. Baby food production peaked at $X in 2020, and then declined in the following year.

Baby Food Exports

Exports from Sweden

In 2021, shipments abroad of food preparations for infants increased by 4.9% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, baby food exports surged to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of baby food exports from Sweden, together comprising 51% of total exports. These countries were followed by the Netherlands, Spain, the Czech Republic and Vietnam, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +223.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for baby food exported from Sweden were Norway ($X), the Netherlands ($X) and Spain ($X), together comprising 47% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +236.4%, saw the highest rates of growth with regard to 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 baby food export price stood at $X per ton in 2021, surging by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2013 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Finland ($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 Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into Sweden

In 2021, supplies from abroad of food preparations for infants decreased by -5.9% to X tons, falling for the second year in a row after four years of growth. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% 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 decreased by -7.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 52%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, baby food imports reached $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 decreased by -2.2% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 46% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest baby food supplier to Sweden, accounting for a 49% share of total imports. Moreover, baby food imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +45.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.1% per year) and Portugal (+70.0% per year).

In value terms, the largest baby food suppliers to Sweden were Spain ($X), France ($X) and Portugal ($X), together comprising 69% of total imports.

Portugal, with a CAGR of +70.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 baby food import price amounted to $X per ton, surging by 6.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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