Sweden: Smoked Salmon Market 2024

Smoked Salmon Market Size in Sweden

The Swedish smoked salmon market dropped to $X in 2022, reducing by -11.3% against the previous year. In general, consumption, however, showed resilient growth. Smoked salmon consumption peaked at $X in 2021, and then contracted in the following year.

Smoked Salmon Production in Sweden

In value terms, smoked salmon production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 101% against the previous year. Smoked salmon production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Smoked Salmon Exports

Exports from Sweden

In 2022, shipments abroad of smoked pacific, atlantic and danube salmon decreased by -1.5% to X tons, falling for the seventh consecutive year after two years of growth. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 15%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, smoked salmon exports shrank slightly to $X in 2022. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for smoked salmon exports from Sweden, with a 35% share of total exports. Moreover, smoked salmon exports to Italy exceeded the volume sent to the second major destination, Finland (X tons), threefold. Austria (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.0% per year) and Austria (-7.0% per year).

In value terms, Italy ($X) remains the key foreign market for smoked pacific, atlantic and danube salmon exports from Sweden, comprising 45% of total exports. The second position in the ranking was taken by Finland ($X), with an 8.6% share of total exports. It was followed by Austria, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+2.0% per year) and Austria (-4.8% per year).

Export Prices by Country

The average smoked salmon export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 10%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Sweden

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were imported into Sweden; waning by -27% on 2021. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 111%. Imports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, smoked salmon imports reduced dramatically to $X in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 144% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest smoked salmon supplier to Sweden, accounting for a 65% share of total imports. Moreover, smoked salmon imports from Poland exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+4.7% per year) and Germany (+105.9% per year).

In value terms, Poland ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Sweden, comprising 59% of total imports. The second position in the ranking was held by Norway ($X), with a 25% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+5.8% per year) and Germany (+112.7% per year).

Import Prices by Country

In 2022, the average smoked salmon import price amounted to $X per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Norway ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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