Sweden: Canned Vegetable Market 2024

Canned Vegetable Market Size in Sweden

In 2022, after two years of growth, there was decline in the Swedish canned vegetable market, when its value decreased by -1.1% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Canned vegetable consumption peaked at $X in 2021, and then fell in the following year.

Canned Vegetable Exports

Exports from Sweden

In 2022, overseas shipments of canned vegetables decreased by -1% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, canned vegetable exports fell to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Denmark (X tons), Finland (X tons) and Norway (X tons) were the main destinations of canned vegetable exports from Sweden, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +4.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X) remains the key foreign market for canned vegetables exports from Sweden, comprising 52% of total exports. The second position in the ranking was taken by Finland ($X), with a 20% share of total exports. It was followed by Norway, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-3.4% per year) and Norway (-6.8% per year).

Export Prices by Country

In 2022, the average canned vegetable export price amounted to $X per ton, shrinking by -5.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Germany (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Sweden

In 2022, the amount of canned vegetables imported into Sweden expanded modestly to X tons, increasing by 3.1% compared with the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 7.4%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, canned vegetable imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of canned vegetable to Sweden, accounting for a 35% share of total imports. Moreover, canned vegetable imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.6% per year) and Spain (+2.8% per year).

In value terms, Italy ($X), the Netherlands ($X) and Greece ($X) constituted the largest canned vegetable suppliers to Sweden, together comprising 51% of total imports. Spain, Germany, Belgium, Hungary, China, France, Turkey, Poland, Thailand and Portugal lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Portugal, with a CAGR of +35.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned vegetable import price stood at $X per ton in 2022, falling by -5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 9.5% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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