Scandinavia: Beef Market 2024

Beef Market Size in Scandinavia

In 2022, the Scandinavia beef market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a slight reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Beef Production in Scandinavia

In value terms, beef production declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Sweden (X tons), Finland (X tons) and Norway (X tons).

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

The average beef yield dropped to X kg per head in 2022, approximately reflecting 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X%. Over the period under review, the beef yield attained the maximum level at X kg per head in 2021, and then reduced slightly in the following year.

In 2022, the number of animals slaughtered for beef production in Scandinavia reached X heads, remaining stable against the year before. In general, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2015; however, from 2016 to 2022, producing animals stood at a somewhat lower figure.

Beef Exports

Exports in Scandinavia

In 2022, after three years of growth, there was significant decline in overseas shipments of beef (cattle meat), when their volume decreased by X% to X tons. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, beef exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Finland (X tons) and Sweden (X tons), together recording X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of X%).

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

In Finland, beef exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Beef Imports

Imports in Scandinavia

In 2022, supplies from abroad of beef (cattle meat) increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, beef imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Sweden was the largest importer of beef (cattle meat) in Scandinavia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Finland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of beef (cattle meat). Finland experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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