Sweden: Grape Must Market 2024

Grape Must Market Size in Sweden

The Swedish grape must market fell to $X in 2021, with a decrease of -7.2% against the previous year. In general, consumption continues to indicate a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Grape Must Production in Sweden

In value terms, grape must production fell to $X in 2021 estimated in export price. Overall, production recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Grape Must Exports

Exports from Sweden

In 2021, grape must exports from Sweden surged to X litres, jumping by 28% on the year before. In general, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 4,000% against the previous year. Over the period under review, the exports hit record highs at X litres in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape must exports stood at $X in 2021. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 4,112%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X litres), the UK (X litres) and Hong Kong SAR (X litres) were the main destinations of grape must exports from Sweden, together comprising 95% of total exports. Finland lagged somewhat behind, accounting for a further 4.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +50.8%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Hong Kong SAR ($X) and the UK ($X) constituted the largest markets for grape must exported from Sweden worldwide, with a combined 86% share of total exports. These countries were followed by Finland, which accounted for a further 12%.

Finland, with a CAGR of +165.1%, 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

The average grape must export price stood at $X per litre in 2021, falling by -17.9% against the previous year. In general, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 71%. As a result, the export price reached the peak level of $X per litre. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per litre), while the average price for exports to the UK ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+75.3%), while the prices for the other major destinations experienced mixed trend patterns.

Grape Must Imports

Imports into Sweden

In 2021, overseas purchases of grape must decreased by -9.4% to X litres for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 78% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, grape must imports shrank remarkably to $X in 2021. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 86%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X litres) constituted the largest grape must supplier to Sweden, accounting for a 64% share of total imports. Moreover, grape must imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.2% per year) and Georgia (+10.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of grape must to Sweden, comprising 73% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and Georgia (+27.5% per year).

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, shrinking by -12.8% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $X per litre in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Georgia ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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