Sweden: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Sweden

In 2020, the Swedish peanut butter market increased by X% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Peanut butter consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Peanut Butter Exports

Exports from Sweden

In 2020, shipments abroad of peanut butter and prepared or preserved groundnuts was finally on the rise to reach X tonnes after two years of decline. Over the period under review, exports saw a slight increase. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, peanut butter exports skyrocketed to $X in 2020. Overall, exports showed a moderate expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Denmark (X tonnes), Norway (X tonnes) and Finland (X tonnes) were the main destinations of peanut butter exports from Sweden, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway, while exports for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X), Norway ($X) and Finland ($X) constituted the largest markets for peanut butter exported from Sweden worldwide, with a combined X% share of total exports.

Among the main countries of destination, Norway recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average peanut butter export price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was Finland ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced mixed trend patterns.

Peanut Butter Imports

Imports into Sweden

In 2020, overseas purchases of peanut butter and prepared or preserved groundnuts increased by X% to X tonnes, rising for the eleventh consecutive year after two years of decline. Overall, total imports indicated perceptible growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, peanut butter imports expanded notably to $X in 2020. In general, total imports indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the near future.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of peanut butter to Sweden, accounting for 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), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 2020, the average annual rate of growth in terms 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 2020, with an increase of X% against the previous year. In general, the import price recorded a slight expansion. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per tonne), while the price for Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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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The country with the largest volume of peanut butter consumption was China (974K tonnes), accounting for 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), threefold. India (350K tonnes) ranked third in terms of total consumption with a 6.8% share.

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

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The country with the largest volume of peanut butter production was China (1.2M tonnes), accounting for 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (418K tonnes), threefold. The third position in this ranking was occupied by India (397K tonnes), with a 7.6% 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 ($19M) constituted the largest supplier of peanut butter to Sweden, comprising 50% of total imports. The second position in the ranking was occupied by Denmark ($8.5M), with a 22% share of total imports. It was followed by Germany, with a 10% share.

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

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In value terms, Denmark ($1.2M), Norway ($733K) and Finland ($125K) were the largest markets for peanut butter exported from Sweden worldwide, together comprising 95% of total exports.

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

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In 2020, the average peanut butter export price amounted to $4,973 per tonne, surging by 18% against the previous year.

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

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The average peanut butter import price stood at $3,014 per tonne in 2020, increasing by 4.2% against the previous year.