Sweden: Sugar Crop Market 2024

Sugar Crop Market Size in Sweden

The Swedish sugar crop market reached $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a noticeable shrinkage. Sugar crop consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Sweden

In value terms, sugar crop production rose to $X in 2022 estimated in export price. In general, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Sugar crop production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of sugar crops in Sweden fell modestly to X tons per ha in 2022, waning by X% compared with the previous year. In general, the yield indicated notable growth from 2012 to 2022: its figure 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, sugar crop yield decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average sugar crop yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar crop harvested area in Sweden amounted to X ha in 2022, surging by X% against 2021 figures. In general, the harvested area, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Sweden

In 2022, approx. X tons of sugar crops were exported from Sweden; with an increase of X% against 2021 figures. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar crop exports declined sharply to $X in 2022. Over the period under review, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for sugar crop exports from Sweden, accounting for a X% share of total exports. Moreover, sugar crop exports to Norway exceeded the volume sent to the second major destination, Denmark (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled X%.

In value terms, Norway ($X) remains the key foreign market for sugar crops exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway totaled X%.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Crop Imports

Imports into Sweden

In 2022, purchases abroad of sugar crops decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a perceptible decrease. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports surged to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Denmark (X tons) constituted the largest sugar crop supplier to Sweden, accounting for a X% share of total imports. Moreover, sugar crop imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Vietnam (X% per year).

In value terms, France ($X) constituted the largest supplier of sugar crops to Sweden, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Italy (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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