Sweden: Soya Bean Market 2025

Soya Bean Market Size in Sweden

The Swedish soya bean market soared to $X in 2021, picking up by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Soya bean consumption peaked in 2021 and is likely to see gradual growth in the near future.

Soya Bean Exports

Exports from Sweden

In 2021, the amount of soya beans exported from Sweden surged to X tons, increasing by 75% against the previous year's figure. Overall, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2016 with an increase of 310%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, soya bean exports surged to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 187%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for soya bean exports from Sweden, with a 54% share of total exports. Moreover, soya bean exports to Denmark exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark stood at +62.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.4% per year) and Germany (+17.0% per year).

In value terms, Denmark ($X) remains the key foreign market for soya bean exports from Sweden, comprising 56% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Hungary, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Denmark totaled +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.8% per year) and Hungary (+7.2% per year).

Export Prices by Country

In 2021, the average soya bean export price amounted to $X per ton, reducing by -8.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while the average price for exports to Hungary ($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 (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Sweden

In 2021, approx. X tons of soya beans were imported into Sweden; surging by 7.7% compared with the year before. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, soya bean imports surged to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 49%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Kazakhstan (X tons), Denmark (X tons) and Italy (X tons) were the main suppliers of soya bean imports to Sweden, together accounting for 92% of total imports. The Netherlands, China and Germany lagged somewhat behind, together accounting for a further 7.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Denmark ($X) and Italy ($X) appeared to be the largest soya bean suppliers to Sweden, with a combined 86% share of total imports. These countries were followed by the Netherlands, China and Germany, which together accounted for a further 13%.

In terms of the main suppliers, the Netherlands, with a CAGR of +58.9%, 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

In 2021, the average soya bean import price amounted to $X per ton, jumping by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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