Sweden: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Sweden

In 2022, the Swedish market for frozen vegetables other than potato and corn decreased by -7.1% to $X, falling for the fourth consecutive year after seven years of growth. In general, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Sweden

In 2022, overseas shipments of frozen vegetables other than potato and corn increased by 43% to X tons, rising for the fourth year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn surged to $X in 2022. Overall, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Denmark (X tons) were the main destinations of exports of frozen vegetables other than potato and corn from Sweden, together accounting for 38% of total exports. Finland, Spain, Greece, the United States, China, Belgium, Poland, Norway, Chile and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +55.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and Finland ($X) appeared to be the largest markets for frozen vegetables other than potato and corn exported from Sweden worldwide, with a combined 37% share of total exports. Italy, Spain, the United States, Belgium, Norway, Poland, Taiwan (Chinese), Greece, China and Chile lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Greece, with a CAGR of +52.4%, recorded the highest growth rate of 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 export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, shrinking by -15.6% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 38%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Greece ($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 Taiwan (Chinese) (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Sweden

After three years of decline, supplies from abroad of frozen vegetables other than potato and corn increased by 5% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 7.2%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of frozen vegetables other than potato and corn expanded to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 19% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of frozen vegetables other than potato and corn to Sweden, accounting for a 33% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.8% per year) and Spain (+4.5% per year).

In value terms, the largest frozen vegetables other than potato and corn suppliers to Sweden were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 60% share of total imports.

Germany, with a CAGR of +23.9%, saw the highest growth rate of 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

The average import price for frozen vegetables other than potato and corn stood at $X per ton in 2022, which is down by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2021, and then fell 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 Italy ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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