Sweden: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Sweden

In 2021, after two years of growth, there was decline in the Swedish sweet biscuit market, when its value decreased by -4% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sweet biscuit consumption peaked at $X in 2020, and then dropped in the following year.

Sweet Biscuit Production in Sweden

In value terms, sweet biscuit production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Sweden

In 2021, approx. X tons of sweet biscuits were exported from Sweden; growing by 5.2% on the previous year. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.7% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, sweet biscuit exports reached $X in 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 26%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons), Germany (X tons) and Denmark (X tons) were the main destinations of sweet biscuit exports from Sweden, together comprising 59% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Denmark ($X) constituted the largest markets for sweet biscuit exported from Sweden worldwide, together accounting for 58% of total exports.

Denmark, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 sweet biscuit export price amounted to $X per ton, growing by 8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton. From 2014 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 the Netherlands ($X per ton), while the average price for exports to Germany ($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 (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Sweden

After five years of growth, overseas purchases of sweet biscuits decreased by -17.7% to X tons in 2021. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped notably in the following year.

In value terms, sweet biscuit imports shrank to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.0% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then contracted in the following year.

Imports by Country

The Netherlands (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of sweet biscuit imports to Sweden, together accounting for 48% of total imports. The Czech Republic, Belgium, Italy, Poland, Denmark, Spain and Turkey lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +59.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Germany ($X) were the largest sweet biscuit suppliers to Sweden, with a combined 45% share of total imports. These countries were followed by Italy, Belgium, Denmark, Poland, the Czech Republic, Spain and Turkey, which together accounted for a further 43%.

The Czech Republic, with a CAGR of +48.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the import price, however, recorded a slight downturn. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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