Sweden: Sugar Market 2022

Sugar Market Size in Sweden

The Swedish sugar market soared to $X in 2021, surging by 19% against the previous year. In general, consumption, however, continues to indicate a mild setback. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Sugar Production in Sweden

In value terms, sugar production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 49%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of sugar in Sweden amounted to less than X kg per ha, leveling off at the previous year's figure. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of sugar production in Sweden totaled less than X ha, almost unchanged from the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Sugar Exports

Exports from Sweden

In 2021, the amount of sugar exported from Sweden reduced sharply to X tons, declining by -19.4% compared with the year before. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 96%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar exports shrank rapidly to $X in 2021. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X tons), Denmark (X tons) and Israel (X tons) were the main destinations of sugar exports from Sweden, together comprising 81% of total exports.

From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +96.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar exported from Sweden were Finland ($X), Denmark ($X) and Israel ($X), with a combined 78% share of total exports.

In terms of the main countries of destination, Israel, with a CAGR of +90.5%, saw 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 2021, the average sugar export price amounted to $X per ton, picking up by 4.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 52% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Israel ($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 Denmark (-0.6%), while the prices for the other major destinations experienced a decline.

Sugar Imports

Imports into Sweden

In 2021, approx. X tons of sugar were imported into Sweden; reducing by -22.8% compared with 2020. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of 10% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sugar imports dropped to $X in 2021. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2017 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of sugar imports to Sweden, with a combined 64% share of total imports. These countries were followed by Belgium, Poland, Finland, Malawi, Brazil and France, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +26.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar suppliers to Sweden were Denmark ($X), Lithuania ($X) and Germany ($X), together accounting for 61% of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average sugar import price amounted to $X per ton, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform