Sweden: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Sweden

In 2022, the Swedish market for malt extract and food preparations of flour, meal, and starches increased by 11% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Sweden

In value terms, production of malt extract and food preparations of flour, meal, and starches declined to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 76%. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Sweden

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -23.2% to X tons, falling for the third year in a row after four years of growth. In general, exports saw a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches declined to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 44%. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Oman (X tons), Finland (X tons) and Norway (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Sweden, with a combined 74% share 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 Oman (with a CAGR of +82.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Sweden were Oman ($X), Finland ($X) and Norway ($X), with a combined 84% share of total exports.

Oman, with a CAGR of +96.9%, saw 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 export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with an increase of 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($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 Oman (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Sweden

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches increased by 3.1% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 36% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded remarkably to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Denmark (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Sweden, together comprising 72% of total imports. Finland, France, Ireland, Belgium, Poland, Italy, Greece and the UK lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +139.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the Netherlands ($X) appeared to be the largest malt extract and food preparations of flour, meal, and starch suppliers to Sweden, with a combined 69% share of total imports. Finland, France, Ireland, Belgium, the UK, Italy, Poland and Greece lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Greece, with a CAGR of +151.9%, 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

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, increasing by 5.4% against the previous year. Over the period under review, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :