Sweden: Wine Market 2024

Wine Market Size in Sweden

The Swedish wine market reached $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Wine Exports

Exports from Sweden

Wine exports from Sweden reached X litres in 2021, growing by 5.7% compared with the previous year. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wine exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X litres) was the main destination for wine exports from Sweden, accounting for a 41% share of total exports. Moreover, wine exports to Finland exceeded the volume sent to the second major destination, Norway (X litres), threefold. Germany (X litres) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-2.0% per year) and Germany (+13.7% per year).

In value terms, Finland ($X), Denmark ($X) and Norway ($X) constituted the largest markets for wine exported from Sweden worldwide, together comprising 56% of total exports. Germany, France, Estonia, Poland, Latvia, Iceland and Italy lagged somewhat behind, together comprising a further 32%.

Latvia, with a CAGR of +63.2%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average wine export price amounted to $X per litre, growing by 7.3% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Finland ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Sweden

After five years of growth, supplies from abroad of wine decreased by -10.9% to X litres in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, imports reached the peak of X litres, and then shrank in the following year.

In value terms, wine imports reached $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 11% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Italy (X litres), France (X litres) and Spain (X litres) were the main suppliers of wine imports to Sweden, with a combined 53% share of total imports. South Africa, Germany, Portugal, Denmark, Chile, the United States, Argentina, Australia, Finland and Bulgaria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) appeared to be the largest wine suppliers to Sweden, with a combined 64% share of total imports. These countries were followed by Denmark, the United States, South Africa, Germany, Portugal, Chile, Australia, Argentina, Finland and Bulgaria, which together accounted for a further 32%.

Among the main suppliers, Finland, with a CAGR of +19.0%, recorded 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 2021, the average wine import price amounted to $X per litre, growing by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The import price peaked at $X per litre in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per litre), while the price for Bulgaria ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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