Report Update Nov 1, 2024

Sweden - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Rennet Market 2024

Rennet Market Size in Sweden

In 2021, the Swedish rennet market decreased by -7.9% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, showed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Rennet Production in Sweden

In value terms, rennet production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 127%. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Rennet Exports

Exports from Sweden

In 2021, rennet exports from Sweden reduced to X tons, falling by -8.3% against the year before. Over the period under review, exports saw a dramatic decline. The growth pace was the most rapid in 2018 with an increase of 66%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, rennet exports dropped to $X in 2021. Overall, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2018 with an increase of 81% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of rennet exports from Sweden, with a combined 71% share of total exports. Norway and Japan lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +21.5%), while the other leaders experienced a decline.

In value terms, Switzerland ($X) emerged as the key foreign market for rennet and concentrates thereof exports from Sweden, comprising 38% of total exports. The second position in the ranking was held by Finland ($X), with an 18% share of total exports. It was followed by Japan, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-2.8% per year) and Japan (+31.9% per year).

Export Prices by Country

In 2021, the average rennet export price amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rennet export price increased by +90.2% against 2015 indices. The growth pace was the most rapid in 2017 when the average export price increased by 39%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Finland ($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 Japan (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Rennet Imports

Imports into Sweden

In 2021, purchases abroad of rennet and concentrates thereof increased by 2.1% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 444% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, rennet imports rose remarkably to $X in 2021. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 392% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of rennet to Sweden, accounting for a 72% share of total imports. Moreover, rennet imports from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark stood at +37.4%.

In value terms, Denmark ($X) and Italy ($X) were the largest rennet suppliers to Sweden.

In terms of the main suppliers, Italy, with a CAGR of +34.5%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average rennet import price stood at $X per ton in 2021, rising by 8.3% against the previous year. In general, the import price, however, saw a abrupt setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Denmark amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, together comprising 40% of global consumption. Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico lagged somewhat behind, together comprising a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, together comprising 40% of global production. Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Sweden?

In value terms, Italy, Denmark and Japan constituted the largest rennet suppliers to Sweden, with a combined 97% share of total imports.

What are the leading importers of rennet and concentrates thereof from Sweden?

In value terms, Denmark, Switzerland and Italy were the largest markets for rennet exported from Sweden worldwide, together comprising 90% of total exports.

What is the average export price for rennet and concentrates thereof in Sweden?

The average rennet export price stood at $11,092 per ton in 2020, increasing by 2.4% against the previous year.

What is the average import price for rennet and concentrates thereof in Sweden?

The average rennet import price stood at $5,035 per ton in 2020, with a decrease of -21.1% against the previous year.

This report provides an in-depth analysis of the rennet market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146450 - Rennet and concentrates thereof

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023