Sweden: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Sweden

The Swedish market for fresh or chilled salmonoids meat contracted to $X in 2022, declining by -6.8% against the previous year. Overall, consumption recorded resilient growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Meat in Sweden

In value terms, fresh or chilled salmonoids meat production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17,814,800%. Fresh or chilled salmonoids meat production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Sweden

In 2022, exports of fresh or chilled salmonoids meat from Sweden soared to X tons, jumping by 348% against the previous year's figure. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 3,187%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports surged to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 4,843%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for fresh or chilled salmonoids meat exports from Sweden, accounting for a 78% share of total exports. Moreover, fresh or chilled salmonoids meat exports to Finland exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. Germany (X tons) ranked third in terms of total exports with a 5.6% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Finland stood at +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+61.7% per year) and Germany (+44.0% per year).

In value terms, Finland ($X) emerged as the key foreign market for fresh or chilled salmonoids meat exports from Sweden, comprising 79% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.9% share of total exports. It was followed by Germany, with a 7.1% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Finland stood at +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.5% per year) and Germany (+15.3% per year).

Export Prices by Country

In 2022, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, with an increase of 22% against the previous year. Overall, the export price showed a modest expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a 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 Germany ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Sweden

In 2022, supplies from abroad of fresh or chilled salmonoids meat increased by 68% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 1,144%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,100%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Norway (X tons) and Spain (X kg) were the main suppliers of fresh or chilled salmonoids meat imports to Sweden, together comprising 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +72.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and Spain ($X) appeared to be the largest fresh or chilled salmonoids meat suppliers to Sweden, together accounting for 100% of total imports.

Norway, with a CAGR of +75.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, shrinking by -12.3% against the previous year. Over the period under review, the import price, however, showed slight growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 47%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Norway ($X per ton) and Spain ($X per ton), while the price for Germany ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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