Scandinavia: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Scandinavia

In 2022, the Scandinavia butter and dairy spreads market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in Scandinavia

In value terms, butter and dairy spreads production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of butter and dairy spreads production was Finland (X tons), accounting for X% of total volume. It was followed by Norway (X tons), with a X% share of total production.

From 2012 to 2022, the average annual growth rate of volume in Finland was relatively modest.

Exports of Butter And Dairy Spreads

Exports in Scandinavia

In 2022, approx. X tons of butter and dairy spreads were exported in Scandinavia; dropping by X% against the previous year's figure. Total exports indicated a notable 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butter and dairy spreads exports surged to $X in 2022. The total export value 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 growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Finland dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Sweden (X tons), generating a X% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butter and dairy spreads exports from Finland stood at X%. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. From 2012 to 2022, the share of Norway increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Finland, butter and dairy spreads exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($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 export price figures.

Imports of Butter And Dairy Spreads

Imports in Scandinavia

In 2022, the amount of butter and dairy spreads imported in Scandinavia dropped markedly to X tons, declining by X% on the year before. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butter and dairy spreads imports fell modestly to $X in 2022. Overall, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Finland (X tons), mixing up a X% share of total imports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the butter and dairy spreads imports, with a CAGR of X% from 2012 to 2022. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

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

In Sweden, butter and dairy spreads imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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