Sweden: Vegetable Oils Market 2024

Vegetable Oils Market Size in Sweden

The Swedish vegetable oils market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Vegetable oils consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Oils Production in Sweden

In value terms, vegetable oils production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vegetable Oils Exports

Exports from Sweden

In 2022, approx. X tons of vegetable fats and oils were exported from Sweden; which is down by X% on the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, vegetable oils exports stood at $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value 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, exports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Denmark (X tons), Poland (X tons) and Serbia (X tons) were the main destinations of vegetable oils exports from Sweden, with a combined X% share of total exports. Ukraine, Germany, the United States, Hungary, the Netherlands, Croatia, Ireland, the Czech Republic, Norway and Uruguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable oils exported from Sweden were Denmark ($X), Poland ($X) and Ukraine ($X), with a combined X% share of total exports. Germany, Serbia, Ireland, the United States, the Netherlands, Hungary, the Czech Republic, Uruguay, Norway and Croatia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Uruguay, with a CAGR of X%, recorded the highest rates of growth with regard to 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 vegetable oils export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a mild descent. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Croatia ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Oils Imports

Imports into Sweden

Vegetable oils imports into Sweden declined notably to X tons in 2022, with a decrease of X% against 2021 figures. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable oils imports rose markedly to $X in 2022. In general, imports showed a slight downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of vegetable oils imports to Sweden, together comprising X% of total imports. Belgium, France and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable oils suppliers to Sweden were Denmark ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Belgium, France and Italy lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, 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 2022, the average vegetable oils import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate notable growth. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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