Sweden: Processed Meat Market 2024

Processed Meat Market Size in Sweden

The Swedish processed meat market declined significantly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Processed Meat Production in Sweden

In value terms, processed meat production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Processed meat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Processed Meat Exports

Exports from Sweden

In 2022, approx. X tons of processed meat were exported from Sweden; picking up by X% against 2021. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, processed meat exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons), Germany (X tons) and the UK (X tons) were the main destinations of processed meat exports from Sweden, with a combined X% share of total exports. Finland, Belgium, Spain, Poland, Norway, Italy, Latvia, Hungary and Angola lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Finland ($X) and the UK ($X) constituted the largest markets for processed meat exported from Sweden worldwide, together accounting for X% of total exports. Germany, Belgium, Norway, Poland, Spain, Italy, Hungary, Latvia and Angola lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Angola, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Sweden

In 2022, the amount of processed meat imported into Sweden surged to X tons, jumping by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed meat imports rose remarkably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of processed meat imports to Sweden, together accounting for X% of total imports. The Netherlands, Poland, Ireland, Belgium, Finland, France, Spain, Latvia and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest processed meat suppliers to Sweden were Denmark ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. The Netherlands, Ireland, Spain, Finland, Poland, Belgium, France, Latvia and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, 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 processed meat import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Spain ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform