Sweden: Beef Market 2024

Beef Market Size in Sweden

In 2022, the Swedish beef market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Beef Production in Sweden

In value terms, beef production totaled $X in 2022 estimated in export price. The total output 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 observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Beef production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of beef (cattle meat) in Sweden dropped to X kg per head in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The beef yield peaked at X kg per head in 2021, and then declined in the following year.

In 2022, the number of animals slaughtered for beef production in Sweden rose to X heads, growing by X% against the previous year. Overall, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by X%. As a result, the amount of producing animals reached the peak level of X heads. From 2016 to 2022, the growth of this number remained at a somewhat lower figure.

Beef Exports

Exports from Sweden

In 2022, shipments abroad of beef (cattle meat) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, beef exports dropped modestly to $X in 2022. Overall, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Denmark (X tons) was the main destination for beef exports from Sweden, with a X% share of total exports. Moreover, beef exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Germany (X% per year).

In value terms, Finland ($X) remains the key foreign market for beef (cattle meat) exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Germany (X% per year).

Export Prices by Country

The average beef export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Beef Imports

Imports into Sweden

In 2022, supplies from abroad of beef (cattle meat) increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, beef imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ireland (X tons), the Netherlands (X tons) and Denmark (X tons) were the main suppliers of beef imports to Sweden, with a combined X% share of total imports. Germany, Poland, Italy and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest beef suppliers to Sweden, together comprising X% of total imports. Denmark, Poland, Italy and Lithuania lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beef import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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