Sweden: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Sweden

In 2021, the Swedish market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, showed a abrupt slump. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Sweden

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decrease. Over the period under review, production of reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Sweden

Exports of protein concentrates and flavoured or coloured sugar syrups from Sweden soared to X tons in 2021, increasing by 21% compared with 2020 figures. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 81%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Sweden, with a combined 67% share of total exports. These countries were followed by Norway, the United States, Portugal and Denmark, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +464.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Finland ($X) appeared to be the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Sweden worldwide, together accounting for 76% of total exports. The United States, Denmark, Latvia and Portugal lagged somewhat behind, together comprising a further 14%.

Portugal, with a CAGR of +338.4%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, with a decrease of -2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2016 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Latvia ($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 (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Sweden

In 2021, purchases abroad of protein concentrates and flavoured or coloured sugar syrups increased by 4.5% to X tons, rising for the fifth year in a row after two years of decline. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 28% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups amounted to $X in 2021. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The UK (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Sweden, together comprising 54% of total imports. These countries were followed by Israel, the United States, the Netherlands, China, Belgium and Austria, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +80.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and the UK ($X) were the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Sweden, with a combined 53% share of total imports. These countries were followed by Israel, the United States, Germany, China, Belgium and Austria, which together accounted for a further 35%.

China, with a CAGR of +81.7%, 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 import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, falling by -4.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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