Sweden: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Sweden

In 2022, the Swedish breakfast cereal market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a perceptible decrease. Breakfast cereal consumption peaked at $X in 2021, and then dropped sharply in the following year.

Breakfast Cereal Production in Sweden

In value terms, breakfast cereal production dropped rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Breakfast Cereal Exports

Exports from Sweden

In 2022, shipments abroad of breakfast cereals increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, breakfast cereal exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of breakfast cereal exports from Sweden, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for breakfast cereal exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), together comprising X% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average breakfast cereal export price amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a slight descent. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Norway ($X per ton), while the average price for exports to Denmark ($X per ton) and Finland ($X per ton) were amongst the lowest.

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

Breakfast Cereal Imports

Imports into Sweden

In 2022, approx. X tons of breakfast cereals were imported into Sweden; increasing by X% on 2021. The total import volume 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. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, breakfast cereal imports expanded markedly to $X in 2022. Over the period under review, total imports indicated a prominent 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 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Denmark (X tons) and Belgium (X tons) were the main suppliers of breakfast cereal imports to Sweden, with a combined X% share of total imports. The UK, Turkey, Poland, France and the Netherlands 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 France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal suppliers to Sweden were Germany ($X), Denmark ($X) and the UK ($X), with a combined X% share of total imports. Belgium, Poland, the Netherlands, France and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average breakfast cereal import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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