Sweden: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Sweden

In 2020, the Swedish market for processed cheese (excluding grated or powdered) decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a perceptible decline. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2020, the growth of the market failed to regain the momentum.

Production of Processed cheese (excluding grated or powdered) in Sweden

In value terms, production of processed cheese (excluding grated or powdered) shrank modestly to $X in 2020 estimated in export prices. In general, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from Sweden

In 2020, exports of processed cheese (excluding grated or powdered) from Sweden soared to X tons, with an increase of X% against the year before. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at X tons in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) contracted rapidly to $X in 2020. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Sweden, accounting for a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Denmark exceeded the volume sent to the second major destination, Finland (X tons), sevenfold. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Denmark amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-X% per year) and Norway (+X% per year).

In value terms, Denmark ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-X% per year) and Norway (+X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Sweden

After five years of growth, supplies from abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons in 2020. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2019, and then reduced markedly in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) dropped sharply to $X in 2020. Overall, imports showed a slight shrinkage. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2020, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Sweden, together comprising X% of total imports. Denmark, Italy, the Netherlands and Austria lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to Sweden were France ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. Denmark, the Netherlands, Italy and Austria lagged somewhat behind, together accounting for a further X terms of the main suppliers, Austria 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

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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