Sweden: Vinegar Market 2024

Vinegar Market Size in Sweden

The Swedish vinegar market rose remarkably to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, saw a strong increase. Vinegar consumption peaked in 2023 and is expected to retain growth in the immediate term.

Vinegar Production in Sweden

In value terms, vinegar production rose notably to $X in 2023 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Vinegar production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Vinegar Exports

Exports from Sweden

In 2023, overseas shipments of vinegar increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, vinegar exports soared to $X in 2023. In general, exports showed buoyant growth. The growth pace was the most rapid in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

Denmark (X tons) was the main destination for vinegar exports from Sweden, accounting for a X% share of total exports. Moreover, vinegar exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), fivefold. Norway (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

The average vinegar export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into Sweden

In 2023, supplies from abroad of vinegar decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then contracted slightly in the following year.

In value terms, vinegar imports expanded sharply to $X in 2023. Overall, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of vinegar imports to Sweden, together accounting for X% of total imports. Spain, the UK, Denmark, Lithuania, Japan, Lebanon and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average vinegar import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price, however, showed a mild descent. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform