Sweden: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Sweden

After two years of decline, the Swedish sauce and seasoning market increased by 11% to $X in 2021. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Sauce and seasoning consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Sauce And Seasoning Production in Sweden

In value terms, sauce and seasoning production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Exports

Exports from Sweden

In 2021, approx. X tons of sauces and seasonings were exported from Sweden; surging by 3.9% compared with 2020. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 11%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, sauce and seasoning exports reached $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 18%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Finland (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of sauce and seasoning exports from Sweden, with a combined 74% share of total exports. Estonia, Russia, Germany, Latvia, the UK and Lithuania lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +47.9%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Denmark ($X) were the largest markets for sauce and seasoning exported from Sweden worldwide, with a combined 75% share of total exports. Russia, Estonia, the UK, Germany, Latvia and Lithuania lagged somewhat behind, together accounting for a further 15%.

Lithuania, with a CAGR of +26.1%, saw the highest growth rate of the value of exports, in terms of 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 sauce and seasoning export price amounted to $X per ton, with an increase of 9.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($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 Russia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Sweden

In 2021, sauce and seasoning imports into Sweden rose modestly to X tons, growing by 4.9% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when imports increased by 10% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, sauce and seasoning imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of sauce and seasoning imports to Sweden, with a combined 42% share of total imports. Italy, the United States, Spain, Denmark, the UK, Belgium, China, Poland, Portugal and France lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +17.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning suppliers to Sweden were the Netherlands ($X), Thailand ($X) and Germany ($X), with a combined 36% share of total imports. These countries were followed by the United States, Italy, Denmark, the UK, Belgium, Spain, Poland, China, France and Portugal, which together accounted for a further 46%.

Spain, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2021, increasing by 5.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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