Sweden: Oil Crops Market 2024

Oil Crops Market Size in Sweden

For the fourth consecutive year, the Swedish oil crops market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Oil crops consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Production in Sweden

In value terms, oil crops production stood at $X in 2022 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of oil crops (primary) in Sweden rose modestly to X tons per ha in 2022, growing by X% compared with 2021 figures. The yield figure 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 most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the average oil crops yield attained the maximum level at X tons per ha in 2015; however, from 2016 to 2022, the 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.

In 2022, approx. X ha of oil crops (primary) were harvested in Sweden; which is down by X% compared with the previous year. Over the period under review, the harvested area recorded a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The oil crops harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Oil Crops Exports

Exports from Sweden

In 2022, overseas shipments of oil crops (primary) were finally on the rise to reach X tons after two years of decline. In general, exports recorded a noticeable expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, oil crops exports soared to $X in 2022. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

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

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

In value terms, Germany ($X) emerged as the key foreign market for oil crops (primary) exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with an X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, export price indicated a modest 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, oil crops export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Germany ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Sweden

After three years of decline, overseas purchases of oil crops (primary) increased by X% to X tons in 2022. Overall, imports posted a noticeable increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, oil crops imports surged to $X in 2022. In general, total imports indicated a moderate 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Denmark (X tons) constituted the largest oil crops supplier to Sweden, with a X% share of total imports. Moreover, oil crops imports from Denmark exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and the UK (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of oil crops (primary) to Sweden, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a pronounced 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, oil crops import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Latvia ($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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