Sweden: Wine Market 2024

Wine Market Size in Sweden

In 2022, the Swedish wine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a relatively flat trend pattern. Wine consumption peaked at $X in 2021, and then fell slightly in the following year.

Wine Production in Sweden

In value terms, wine production stood at $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt descent. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wine Exports

Exports from Sweden

For the third year in a row, Sweden recorded growth in overseas shipments of wine and grape must, which increased by X% to X litres in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wine exports declined modestly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X litres) was the main destination for wine exports from Sweden, with a X% share of total exports. Moreover, wine exports to Finland exceeded the volume sent to the second major destination, Norway (X litres), threefold. Denmark (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Denmark (X% per year).

In value terms, the largest markets for wine exported from Sweden were Finland ($X), Denmark ($X) and Norway ($X), with a combined X% share of total exports. Germany, Estonia, Poland, Latvia and Italy lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of 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

The average wine export price stood at $X per litre in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per litre), while the average price for exports to Finland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Sweden

In 2022, wine imports into Sweden reached X litres, remaining constant against the previous year. Over the period under review, total imports indicated a noticeable 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X litres. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wine imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

France (X litres), Italy (X litres) and Spain (X litres) were the main suppliers of wine imports to Sweden, with a combined X% share of total imports. South Africa, Denmark, Germany, Chile, Portugal, the United States, Argentina, Australia, Finland and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest wine suppliers to Sweden were France ($X), Italy ($X) and Spain ($X), together accounting for X% of total imports. Denmark, the United States, Germany, South Africa, Chile, Portugal, Australia, Argentina, Finland and Bulgaria lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 wine import price stood at $X per litre in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, import prices stood 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 France ($X per litre), while the price for Bulgaria ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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