Scandinavia: Processed Meat Market 2024

Processed Meat Market Size in Scandinavia

In 2022, the Scandinavia processed meat market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Processed Meat Production in Scandinavia

In value terms, processed meat production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

Processed Meat Exports

Exports in Scandinavia

In 2022, overseas shipments of processed meat increased by X% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated a noticeable 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, processed meat exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Finland (X tons), making up a X% share of total exports.

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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2019 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.

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

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

Processed Meat Imports

Imports in Scandinavia

In 2022, supplies from abroad of processed meat increased by X% to X tons, rising for the second consecutive year after two years of decline. 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 being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed meat imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the main importing country with an import of about X tons, which accounted for X% of total imports. Finland (X tons) held the second position in the ranking, distantly followed by Norway (X tons). All these countries together took near X% share of total imports.

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

In Sweden, processed meat imports expanded at 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, reducing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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