Scandinavia: Cheese Market 2024

Cheese Market Size in Scandinavia

For the third year in a row, the Scandinavia cheese market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Cheese Production in Scandinavia

In value terms, cheese production rose notably to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Cheese Exports

Exports in Scandinavia

In 2022, exports of cheese in Scandinavia rose notably to X tons, growing by X% against the previous year's figure. Over the period under review, exports, however, saw a abrupt descent. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese exports rose markedly to $X in 2022. In general, exports, however, recorded a deep reduction. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of cheese, mixing up X% of total exports. Finland (X tons) ranks second in terms of the total exports with a X% share, followed by Norway (X%).

Sweden was also the fastest-growing in terms of the cheese exports, with a CAGR of X% from 2012 to 2022. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Norway and Finland saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Sweden, cheese 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: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, 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 Finland (X%), while the other leaders experienced a decline in the export price figures.

Cheese Imports

Imports in Scandinavia

In 2022, approx. X tons of cheese were imported in Scandinavia; picking up by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, cheese imports rose significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Finland (X tons) and Norway (X tons), together committing a X% share of total imports.

Imports into Sweden increased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, 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 ($X) constitutes the largest market for imported cheese in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to X%. In the other countries, the average annual rates were as follows: 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. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 a decline in the import price figures.

Source: IndexBox Platform

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