Sweden: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Sweden

In 2022, the Swedish wheat and meslin flour market increased by 17% to $X, rising for the third consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wheat and Meslin Flour in Sweden

In value terms, wheat and meslin flour production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Wheat and Meslin Flour

Exports from Sweden

In 2022, approx. X tons of wheat and meslin flour were exported from Sweden; declining by -3.6% against 2021 figures. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 38%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports rose slightly to $X in 2022. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 20% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for wheat and meslin flour exports from Sweden, accounting for a 55% share of total exports. Moreover, wheat and meslin flour exports to Denmark exceeded the volume sent to the second major destination, Norway (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark amounted to -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+2.8% per year) and Germany (+13.4% per year).

In value terms, Denmark ($X) remains the key foreign market for wheat and meslin flour exports from Sweden, comprising 36% of total exports. The second position in the ranking was taken by Norway ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-1.6% per year) and Germany (+11.8% per year).

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, growing by 8% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($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 Denmark (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wheat and Meslin Flour

Imports into Sweden

In 2022, overseas purchases of wheat and meslin flour were finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat and meslin flour imports soared to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of wheat and meslin flour imports to Sweden, together accounting for 67% of total imports. Finland, India, the United States, the Netherlands, Estonia, Bosnia and Herzegovina, France and Latvia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +22.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Denmark ($X) constituted the largest wheat and meslin flour suppliers to Sweden, together comprising 66% of total imports. Germany, India, the Netherlands, Finland, Estonia, Bosnia and Herzegovina, France and Latvia lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, the Netherlands, with a CAGR of +28.8%, 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

The average wheat and meslin flour import price stood at $X per ton in 2022, surging by 14% against the previous year. In general, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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