Sweden: Quinoa Market Overview 2021

Quinoa Market Size in Sweden

The Swedish quinoa market expanded sharply to $X in 2019, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Quinoa Exports

Exports from Sweden

In 2019, approx. X tonnes of quinoa were exported from Sweden; growing by X% on 2018. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the near future.

In value terms, quinoa exports surged to $X in 2019. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2019 and are likely to continue growth in years to come.

Exports by Country

Finland (X tonnes) was the main destination for quinoa exports from Sweden, accounting for a X% share of total exports. Moreover, quinoa exports to Finland exceeded the volume sent to the second major destination, Denmark (X tonnes), sevenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Finland amounted to +X%.

In value terms, Finland ($X) remains the key foreign market for quinoa exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Finland totaled +X%.

Export Prices by Country

The average quinoa export price stood at $X per tonne in 2019, remaining stable against the previous year. In general, export price indicated a remarkable increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, quinoa export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Denmark ($X per tonne), while the average price for exports to Finland amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Denmark.

Quinoa Imports

Imports into Sweden

For the third consecutive year, Sweden recorded growth in supplies from abroad of quinoa, which increased by X% to X tonnes in 2019. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

In value terms, quinoa imports totaled $X in 2019. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Peru (X tonnes) constituted the largest supplier of quinoa to Sweden, accounting for a X% share of total imports. Moreover, quinoa imports from Peru exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2019, the average annual growth rate of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Germany (+X% per year).

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

From 2012 to 2019, the average annual growth rate of value from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2019, the average quinoa import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Germany ($X per tonne) and Denmark ($X per tonne), while the price for Peru ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in the world?

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The countries with the highest volumes of quinoa consumption in 2019 were Peru (41K tonnes), Bolivia (37K tonnes) and the U.S. (28K tonnes), together accounting for 67% of global consumption. These countries were followed by France, Canada, Germany and the UK, which together accounted for a further 14%.

What are the largest producers of quinoa in the world?

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The countries with the highest volumes of quinoa production in 2019 were Peru (90K tonnes), Bolivia (67K tonnes) and Ecuador (4.5K tonnes), with a combined 99% share of global production.

What are the leading suppliers of quinoa to Sweden?

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In value terms, Peru ($1M) constituted the largest supplier of quinoa to Sweden, comprising 42% of total imports. The second position in the ranking was occupied by Italy ($502K), with a 20% share of total imports. It was followed by Germany, with a 19% share.

What are the leading importers of quinoa from Sweden?

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In value terms, Finland ($175K) remains the key foreign market for quinoa exports from Sweden, comprising 76% of total exports. The second position in the ranking was occupied by Denmark ($54K), with a 23% share of total exports.

What is the average export price for quinoa in Sweden?

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The average quinoa export price stood at $7,275 per tonne in 2019, remaining relatively unchanged against the previous year.

What is the average import price for quinoa in Sweden?

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The average quinoa import price stood at $3,146 per tonne in 2019, growing by 8.4% against the previous year.