Sweden: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Sweden

In 2022, the Swedish market for candies, sweets, and nonchocolate confectionery was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Sweden

In value terms, candy, sweets, and nonchocolate confectionery production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decline. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Sweden

Candy, sweets, and nonchocolate confectionery exports from Sweden amounted to X tons in 2022, growing by 6.4% against the previous year's figure. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +9.1% 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 +35.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery exports amounted to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +48.4% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 58%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Sweden, with a combined 78% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and Finland ($X) constituted the largest markets for candy, sweets, and nonchocolate confectionery exported from Sweden worldwide, with a combined 76% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +18.1%, recorded the highest growth rate of 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 export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, which is down by -4.9% against the previous year. In general, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 8.7%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Sweden

Candy, sweets, and nonchocolate confectionery imports into Sweden surged to X tons in 2022, growing by 20% against 2021 figures. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Denmark (X tons), Slovakia (X tons) and the Netherlands (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Sweden, together accounting for 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Sweden, comprising 27% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+9.6% per year) and the Netherlands (-4.0% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, falling by -5.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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