Scandinavia: Chocolate Market 2024

Chocolate Market Size in Scandinavia

The Scandinavia chocolate market stood at $X in 2023, growing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Chocolate Production in Scandinavia

In value terms, chocolate production soared to $X in 2023 estimated in export price. In general, production, however, recorded a slight setback. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Chocolate Exports

Exports in Scandinavia

In 2023, exports of chocolate and cocoa products in Scandinavia was estimated at X tons, surging by X% on 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, chocolate exports surged to $X in 2023. Total exports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

In 2023, Sweden (X tons) represented the largest exporter of chocolate and cocoa products, comprising X% of total exports. Finland (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together held near X% share of total exports.

Sweden was also the fastest-growing in terms of the chocolate and cocoa products exports, with a CAGR of X% from 2012 to 2023. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. From 2012 to 2023, the share of Sweden increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest chocolate supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the export price figures.

Chocolate Imports

Imports in Scandinavia

After four years of growth, purchases abroad of chocolate and cocoa products decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, chocolate imports rose remarkably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

Sweden represented the main importer of chocolate and cocoa products in Scandinavia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Imports into Sweden increased at an average annual rate of X% from 2012 to 2023. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Norway decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported chocolate and cocoa products in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, chocolate imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform