Sweden: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Sweden

The Swedish whole fresh milk market stood at $X in 2022, surging by 6.4% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Whole Fresh Milk Production in Sweden

In value terms, whole fresh milk production reached $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Whole Fresh Milk Exports

Exports from Sweden

In 2022, the amount of whole fresh milk exported from Sweden surged to X tons, growing by 117% against the year before. In general, exports, however, showed a abrupt slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, whole fresh milk exports surged to $X in 2022. Overall, exports, however, showed a pronounced curtailment. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for whole fresh milk exports from Sweden, with a 92% share of total exports. Moreover, whole fresh milk exports to Denmark exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Finland (X tons), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+287.2% per year) and Finland (-34.2% per year).

In value terms, Denmark ($X) remains the key foreign market for whole fresh milk exports from Sweden, comprising 93% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 4.2% share of total exports. It was followed by Finland, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+313.6% per year) and Finland (-36.3% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, surging by 16% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whole fresh milk export price increased by +77.4% against 2015 indices. The growth pace was the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady 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 Denmark ($X per ton), while the average price for exports to Finland ($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 the Netherlands (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Whole Fresh Milk Imports

Imports into Sweden

For the third year in a row, Sweden recorded decline in purchases abroad of whole fresh milk, which decreased by -12.5% to X tons in 2022. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 67%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, whole fresh milk imports rose remarkably to $X in 2022. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2017 when imports increased by 147%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), the Czech Republic (X tons) and Finland (X tons) were the main suppliers of whole fresh milk imports to Sweden, with a combined 91% share of total imports. Poland, Lithuania, Greece and Germany lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +132.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of whole fresh milk to Sweden, comprising 53% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total imports. It was followed by Lithuania, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+59.3% per year) and Lithuania (+79.4% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whole fresh milk import price increased by +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 82% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 Lithuania ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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