Sweden: Preserved Turkey Market 2024

Preserved Turkey Market Size in Sweden

In 2021, the Swedish preserved turkey market increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a perceptible shrinkage. Preserved turkey consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Turkey Production in Sweden

In value terms, preserved turkey production reached $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 3.6%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Preserved Turkey Exports

Exports from Sweden

In 2021, the amount of prepared or preserved meat or offal of turkeys exported from Sweden skyrocketed to X tons, growing by 24% compared with the previous year. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 36%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved turkey exports soared to $X in 2021. Over the period under review, exports, however, faced a abrupt descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for preserved turkey exports from Sweden, accounting for a 69% share of total exports. Moreover, preserved turkey exports to Finland exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Finland amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+45.7% per year) and Denmark (-22.4% per year).

In value terms, Finland ($X) remains the key foreign market for prepared or preserved meat or offal of turkeys exports from Sweden, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by Denmark, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+40.0% per year) and Denmark (-32.3% per year).

Export Prices by Country

The average preserved turkey export price stood at $X per ton in 2021, rising by 23% against the previous year. In general, the export price, however, showed a abrupt descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($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 Norway (+2.7%), while the prices for the other major destinations experienced a decline.

Preserved Turkey Imports

Imports into Sweden

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys increased by 31% to X tons for the first time since 2016, thus ending a four-year declining trend. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved turkey imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Denmark (X tons) and France (X tons) were the main suppliers of preserved turkey imports to Sweden, together accounting for 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Sweden, comprising 51% of total imports. The second position in the ranking was held by Denmark ($X), with a 25% share of total imports. It was followed by Ireland, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+20.7% per year) and Ireland (+26.3% per year).

Import Prices by Country

In 2021, the average preserved turkey import price amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 7.5%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :