Sweden: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Sweden

The Swedish frozen crustaceans market fell modestly to $X in 2022, with a decrease of X% against 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Frozen crustaceans consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Frozen Crustaceans Exports

Exports from Sweden

For the third year in a row, Sweden recorded growth in overseas shipments of frozen crustaceans, which increased by X% to X tons in 2022. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen crustaceans exports declined to $X in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for frozen crustaceans exports from Sweden, accounting for a X% share of total exports. Moreover, frozen crustaceans exports to France exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Albania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Albania (X% per year).

In value terms, France ($X) remains the key foreign market for frozen crustaceans exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen crustaceans export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Albania ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Sweden

In 2022, supplies from abroad of frozen crustaceans increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a slight reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, frozen crustaceans imports shrank to $X in 2022. In general, imports, however, recorded a mild setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of frozen crustaceans to Sweden, with a X% share of total imports. Moreover, frozen crustaceans imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Vietnam (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen crustaceans to Sweden, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Germany (X% per year).

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 Norway ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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