Sweden: Honey Market 2024

Honey Market Size in Sweden

After four years of decline, the Swedish honey market increased by 5.7% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Honey Production in Sweden

In value terms, honey production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Honey Exports

Exports from Sweden

In 2022, approx. X tons of honey were exported from Sweden; growing by 6.1% compared with 2021 figures. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 119% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, honey exports stood at $X in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 90%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of honey exports from Sweden, together accounting for 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +62.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for honey exported from Sweden were Norway ($X), Finland ($X) and Latvia ($X), together comprising 95% of total exports.

Norway, with a CAGR of +66.4%, recorded the highest growth rate of 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 2022, the average honey export price amounted to $X per ton, reducing by -3.6% against the previous year. In general, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 18% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Denmark ($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 France (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Sweden

In 2022, supplies from abroad of honey was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, honey imports stood at $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Denmark (X tons) and France (X tons) were the main suppliers of honey imports to Sweden, with a combined 80% share of total imports. Germany, China, Spain and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Belgium ($X) and France ($X) were the largest honey suppliers to Sweden, together comprising 77% of total imports. Germany, China, Spain and the Netherlands lagged somewhat behind, together accounting for a further 17%.

The Netherlands, with a CAGR of +42.9%, recorded 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

In 2022, the average honey import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Denmark ($X per ton) and China ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :