Sweden: Green Peas Market 2024

Green Peas Market Size in Sweden

The Swedish green peas market reduced to $X in 2022, dropping by -6.6% against the previous year. In general, consumption recorded a deep contraction. Green peas consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Green Peas Production in Sweden

In value terms, green peas production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 209% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of peas (green) in Sweden dropped to X tons per ha in 2022, waning by -6.3% on the previous year's figure. Overall, the yield showed a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of 77%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average green peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of peas (green) were harvested in Sweden; with a decrease of -8.8% on 2021. Over the period under review, the harvested area showed a noticeable downturn. The growth pace was the most rapid in 2019 when the harvested area increased by 24%. Over the period under review, the harvested area dedicated to green peas production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Green Peas Exports

Exports from Sweden

In 2022, green peas exports from Sweden declined notably to X tons, dropping by -91.7% against the previous year's figure. In general, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 745% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, green peas exports shrank remarkably to $X in 2022. Overall, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 327%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Finland (X tons) and Norway (X tons) were the main destinations of green peas exports from Sweden, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +15.4%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for green peas exported from Sweden were Finland ($X), Denmark ($X) and Norway ($X), together accounting for 81% of total exports.

Finland, with a CAGR of +14.4%, recorded 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 a decline.

Export Prices by Country

In 2022, the average green peas export price amounted to $X per ton, picking up by 122% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Spain ($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 Norway (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Sweden

Green peas imports into Sweden fell modestly to X tons in 2022, shrinking by -3.4% compared with 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, green peas imports fell to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Denmark (X tons) were the main suppliers of green peas imports to Sweden, with a combined 90% share of total imports. Spain lagged somewhat behind, comprising a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +107.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of peas (green) to Sweden, comprising 50% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by Denmark, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.6% per year) and Denmark (+66.5% per year).

Import Prices by Country

In 2022, the average green peas import price amounted to $X per ton, waning by -8.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 8.9% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Denmark ($X per ton), while the price for Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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