Scandinavia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Scandinavia

In 2023, after three years of decline, there was growth in the Scandinavia meat meals and pellets market, when its value increased by X% to $X. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Scandinavia

In value terms, meat meals and pellets production stood at $X in 2023 estimated in export price. The total output 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 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports in Scandinavia

In 2023, meat meals and pellets exports in Scandinavia was estimated at X tons, remaining constant against 2022. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, meat meals and pellets exports fell to $X in 2023. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Norway (X tons) and Sweden (X tons) were the largest exporters of flours, meals and pellets of meat or meat offal in 2023, resulting at near X% and X% of total exports, respectively. It was distantly followed by Finland (X tons), committing a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets supplying countries in Scandinavia were Norway ($X), Finland ($X) and Sweden ($X).

In terms of the main exporting countries, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

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

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports in Scandinavia

In 2023, approx. X tons of flours, meals and pellets of meat or meat offal were imported in Scandinavia; with an increase of X% on the previous year. The total import volume 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 most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, meat meals and pellets imports declined 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 pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Sweden was the main importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Finland (X tons), constituting 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 flours, meals and pellets of meat or meat offal imports, with a CAGR of X% from 2012 to 2023. Norway experienced a relatively flat trend pattern. Finland (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Finland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported flours, meals and pellets of meat or meat offal in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden stood at X%. 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

In 2023, the import price in Scandinavia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat 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 Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform