Sweden: Glucose Market 2024

Glucose Market Size in Sweden

In 2021, the Swedish glucose market increased by 1.4% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption, however, showed resilient growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Glucose Exports

Exports from Sweden

In 2021, approx. X tons of glucose and glucose syrup were exported from Sweden; approximately equating 2020. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glucose exports stood at $X in 2021. Overall, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 18%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for glucose exports from Sweden, with a 60% share of total exports. Moreover, glucose exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Finland (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-40.4% per year) and Finland (+16.4% per year).

In value terms, the largest markets for glucose exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), with a combined 92% share of total exports. Estonia and the Netherlands lagged somewhat behind, together comprising a further 2.8%.

Estonia, with a CAGR of +43.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glucose export price amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 109% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($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 (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into Sweden

In 2021, supplies from abroad of glucose and glucose syrup decreased by -9.1% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, glucose imports rose notably to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.0% 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 +50.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of glucose imports to Sweden, together accounting for 88% of total imports. Lithuania, the Netherlands, Denmark and Spain lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +334.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glucose suppliers to Sweden were Belgium ($X), France ($X) and Germany ($X), with a combined 85% share of total imports. These countries were followed by the Netherlands, Denmark, Lithuania and Spain, which together accounted for a further 12%.

Among the main suppliers, Lithuania, with a CAGR of +310.7%, saw the highest growth rate of 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

The average glucose import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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