Sweden: Wheat Market 2025

Wheat Market Size in Sweden

The Swedish wheat market rose notably to $X in 2022, picking up by 5.1% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Wheat Production in Sweden

In value terms, wheat production expanded slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 102%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of wheat in Sweden rose remarkably to X tons per ha in 2022, surging by 6.4% compared with 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 70%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average wheat 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.

In 2022, the total area harvested in terms of wheat production in Sweden declined modestly to X ha, reducing by -3.1% on the year before. The harvested area increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 40%. Over the period under review, the harvested area dedicated to wheat production attained the peak figure at X ha in 2021, and then dropped slightly in the following year.

Wheat Exports

Exports from Sweden

In 2022, shipments abroad of wheat decreased by -5.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 255%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wheat exports surged to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 160% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Germany (X tons) and Lithuania (X tons) were the main destinations of wheat exports from Sweden, together accounting for 65% 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 Lithuania (with a CAGR of +48.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Lithuania ($X) appeared to be the largest markets for wheat exported from Sweden worldwide, together comprising 64% of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +56.3%, saw 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

The average wheat export price stood at $X per ton in 2022, rising by 28% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Imports

Imports into Sweden

In 2022, wheat imports into Sweden skyrocketed to X tons, growing by 42% on the previous year's figure. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 74%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheat imports surged to $X in 2022. Over the period under review, imports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 63%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Denmark (X tons) and Spain (X tons) were the main suppliers of wheat imports to Sweden, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +1.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wheat suppliers to Sweden were Germany ($X), Denmark ($X) and Spain ($X), together comprising 71% of total imports.

Spain, with a CAGR of +4.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wheat import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat import price increased by +104.2% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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