Sweden: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Sweden

In 2019, the Swedish peanut butter market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Peanut Butter Exports

Exports from Sweden

In 2019, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, peanut butter exports fell markedly to $X in 2019. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Denmark (X tonnes), Norway (X tonnes) and Germany (X tonnes) were the main destinations of peanut butter exports from Sweden, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and Germany ($X) appeared to be the largest markets for peanut butter exported from Sweden worldwide, together accounting for X% of total exports.

Germany (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average peanut butter export price stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2019, the countries with the highest prices were Finland ($X per tonne) and Norway ($X per tonne), while the average price for exports to Germany ($X per tonne) and Denmark ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iceland, while the prices for the other major destinations experienced mixed trend patterns.

Peanut Butter Imports

Imports into Sweden

In 2019, purchases abroad of peanut butter and prepared or preserved groundnuts increased by X% to X tonnes, rising for the tenth consecutive year after two years of decline. In general, total imports indicated a tangible expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, peanut butter imports reached $X in 2019. Overall, total imports indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest supplier of peanut butter to Sweden, with a X% share of total imports. Moreover, peanut butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), threefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Germany (-X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of peanut butter to Sweden, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Germany (-X% per year).

Import Prices by Country

The average peanut butter import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Denmark ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?

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China (859K tonnes) remains the largest peanut butter consuming country worldwide, comprising approx. 17% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (374K tonnes), twofold. The third position in this ranking was occupied by India (332K tonnes), with a 6.5% share.

What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?

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China (1.2M tonnes) remains the largest peanut butter producing country worldwide, comprising approx. 23% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (408K tonnes), threefold. The third position in this ranking was occupied by India (352K tonnes), with a 6.7% share.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Sweden?

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In value terms, the Netherlands ($17M) constituted the largest supplier of peanut butter to Sweden, comprising 49% of total imports. The second position in the ranking was occupied by Denmark ($7.5M), with a 22% share of total imports. It was followed by Germany, with a 11% share.

What are the leading importers of peanut butter and prepared or preserved groundnuts from Sweden?

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In value terms, Denmark ($631K), Norway ($525K) and Germany ($107K) constituted the largest markets for peanut butter exported from Sweden worldwide, together comprising 89% of total exports.

What is the average export price for peanut butter and prepared or preserved groundnuts in Sweden?

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In 2019, the average peanut butter export price amounted to $4,181 per tonne, jumping by 15% against the previous year.

What is the average import price for peanut butter and prepared or preserved groundnuts in Sweden?

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In 2019, the average peanut butter import price amounted to $2,891 per tonne, reducing by -1.5% against the previous year.