Sweden: Cereal Market 2024

Cereal Market Size in Sweden

The Swedish cereal market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cereal Production in Sweden

In value terms, cereal production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Cereal production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average cereal yield in Sweden expanded significantly to X tons per ha, growing by X% on the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average cereal yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cereal harvested area in Sweden was estimated at X ha in 2022, approximately mirroring 2021. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. The cereal harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cereal Exports

Exports from Sweden

In 2022, shipments abroad of cereals decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cereal exports reached $X in 2022. Overall, total exports indicated a mild 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and Denmark (X tons) were the main destinations of cereal exports from Sweden, together accounting for X% of total exports. Belgium, Lithuania, Norway, the Netherlands, the United States, Algeria and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal exported from Sweden were Germany ($X), Spain ($X) and Denmark ($X), together accounting for X% of total exports. Belgium, Norway, Lithuania, the Netherlands, the United States, Algeria and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, saw 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

The average cereal export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price 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, cereal export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Sweden

In 2022, overseas purchases of cereals were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cereal imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of cereal imports to Sweden, with a combined X% share of total imports.

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

In value terms, the largest cereal suppliers to Sweden were Poland ($X), Denmark ($X) and Germany ($X), together accounting for X% of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, saw 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 cereal import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price 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, cereal import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue 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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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