Sweden: Lentil Market 2024

Lentil Market Size in Sweden

The Swedish lentil market amounted to $X in 2023, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in the near future.

Lentil Exports

Exports from Sweden

In 2023, after three years of decline, there was growth in shipments abroad of lentils, when their volume increased by X% to X tons. In general, total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, lentil exports stood at $X in 2023. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Finland (X tons) was the main destination for lentil exports from Sweden, accounting for a X% share of total exports. Moreover, lentil exports to Finland exceeded the volume sent to the second major destination, Norway (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the Netherlands (X% per year).

In value terms, Finland ($X) remains the key foreign market for lentils exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average lentil export price stood at $X per ton in 2023, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Sweden

In 2023, the amount of lentils imported into Sweden contracted to X tons, declining by X% against the previous year. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, lentil imports amounted to $X in 2023. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked in 2023 and are likely to see steady growth in years to come.

Imports by Country

Canada (X tons), Turkey (X tons) and the Netherlands (X tons) were the main suppliers of lentil imports to Sweden, together comprising X% of total imports. Italy, Poland, Denmark, Belgium, Germany, France and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lentil suppliers to Sweden were Canada ($X), Turkey ($X) and Italy ($X), together accounting for X% of total imports. The Netherlands, Poland, Denmark, Belgium, France, Germany and the UK lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average lentil import price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X%. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, 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