Scandinavia: Maize Market 2024

Maize Market Size in Scandinavia

In 2022, the Scandinavia maize market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Maize Production in Scandinavia

In value terms, maize production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Norway (X tons) constituted the country with the largest volume of maize production, accounting for X% of total volume.

In Norway, maize production increased at an average annual rate of X% over the period from 2012-2022.

The average maize yield shrank markedly to X tons per ha in 2022, which is down by X% compared with the previous year's figure. In general, the yield, however, saw a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of yield peaked at X tons per ha in 2021, and then fell markedly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the maize harvested area in Scandinavia rose notably to X ha, increasing by X% against 2021. In general, the harvested area continues to indicate modest growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the maize harvested area failed to regain momentum.

Maize Exports

Exports in Scandinavia

In 2022, the amount of maize (green) exported in Scandinavia surged to X tons, picking up by X% compared with the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, maize exports totaled $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Finland (X tons) followed a long way behind the leaders.

Exports from Sweden increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, posted a temperate increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then shrank notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 Finland (X%).

Maize Imports

Imports in Scandinavia

In 2022, overseas purchases of maize (green) were finally on the rise to reach X tons after two years of decline. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, maize imports amounted to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Sweden was the major importing country with an import of about X tons, which reached X% of total imports. Finland (X tons) held the second position in the ranking, followed by Norway (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to maize imports into Sweden stood at X%. 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 2012-2022. Finland (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 ($X) constitutes the largest market for imported maize (green) in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled X%. 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, declining by X% against the previous year. Overall, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices 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 Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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