Sweden: Crispbread Market 2024

Crispbread Market Size in Sweden

In 2021, the Swedish crispbread market increased by 1.4% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a pronounced decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Crispbread Production in Sweden

In value terms, crispbread production totaled $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Crispbread Exports

Exports from Sweden

After three years of growth, shipments abroad of crispbread decreased by -3.5% to X tons in 2021. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, crispbread exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 17% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X tons), Germany (X tons) and Italy (X tons) were the main destinations of crispbread exports from Sweden, together accounting for 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +23.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Denmark ($X) appeared to be the largest markets for crispbread exported from Sweden worldwide, with a combined 68% share of total exports. Italy, the Netherlands, Finland and the United States lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Italy, with a CAGR of +14.8%, 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 crispbread export price stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Sweden

For the fourth consecutive year, Sweden recorded growth in purchases abroad of crispbread, which increased by 6.3% to X tons in 2021. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 42%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, crispbread imports totaled $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest crispbread supplier to Sweden, with a 70% share of total imports. Moreover, crispbread imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. Lithuania (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.7% per year) and Lithuania (+19.5% per year).

In value terms, Germany ($X) constituted the largest supplier of crispbread to Sweden, comprising 68% of total imports. The second position in the ranking was held by Finland ($X), with an 18% share of total imports. It was followed by Norway, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.0% per year) and Norway (+7.7% per year).

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, growing by 3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 an increase of 19%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Norway ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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