Sweden: Peanut Butter Market 2022

Peanut Butter Market Size in Sweden

In 2021, after five years of growth, there was decline in the Swedish peanut butter market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then dropped modestly in the following year.

Peanut Butter Exports

Exports from Sweden

In 2021, peanut butter exports from Sweden fell modestly to X tons, leveling off at 2020. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, peanut butter exports expanded slightly to $X in 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons), Norway (X tons) and Iceland (X tons) were the main destinations of peanut butter exports from Sweden, together comprising X% of total exports. These countries were followed by Finland, Germany and Saudi Arabia, which together accounted for a further X 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +X%, recorded 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 peanut butter export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iceland ($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 Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Sweden

In 2021, after nine years of growth, there was decline in overseas purchases of peanut butter and prepared or preserved groundnuts, when their volume decreased by -X% to X tons. The total import volume increased at an average annual rate of +X% 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 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, peanut butter imports stood at $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) 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 tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Belgium (+X% per year).

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

From 2012 to 2021, 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 ton in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :