Price for Food Preparations Not Elsewhere Specified or Included in Sweden - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Sweden (FOB) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Sweden (CIF) - 2023
- Exports of Food Preparations Not Elsewhere Specified or Included in Sweden
- Imports of Food Preparations Not Elsewhere Specified or Included in Sweden
Price for Food Preparations Not Elsewhere Specified or Included in Sweden (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $6,147 per ton, rising by 5.1% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 15% m-o-m. The export price peaked at $6,239 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($8,815 per ton), while the average price for exports to Finland ($3,756 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Sweden (CIF) - 2023
The average import price for food preparations not elsewhere specified or included stood at $5,331 per ton in November 2023, approximately mirroring the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 12% m-o-m. The import price peaked at $5,663 per ton in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($16,387 per ton), while the price for Thailand ($1,757 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Sweden
For the fourth consecutive year, Sweden recorded growth in shipments abroad of food preparations not elsewhere specified or included, which increased by 4.9% to 102K tons in 2022. The total export volume increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included fell to $634M in 2022. The total export value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $699M, and then dropped in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 85.9 | 106 | 116 | 100 | 5.2% |
| Denmark | 65.6 | 65.7 | 78.1 | 75.6 | 4.8% |
| Finland | 62.0 | 76.7 | 79.1 | 70.7 | 4.5% |
| United States | 55.6 | 55.1 | 70.2 | 56.7 | 0.7% |
| United Kingdom | 34.4 | 42.7 | 44.0 | 44.3 | 8.8% |
| Germany | 20.0 | 22.1 | 29.9 | 34.9 | 20.4% |
| France | 22.6 | 34.0 | 43.7 | 19.8 | -4.3% |
| Poland | 12.9 | 15.0 | 21.6 | 16.2 | 7.9% |
| Netherlands | 3.1 | 8.7 | 12.6 | 14.6 | 67.6% |
| Belgium | 2.1 | 6.2 | 4.2 | 14.3 | 89.5% |
| Others | 121 | 149 | 199 | 187 | 15.6% |
| Total | 485 | 581 | 699 | 634 | 9.3% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Sweden in 2022:
- Norway (22.7K tons)
- Finland (21.1K tons)
- Denmark (17.8K tons)
- Germany (8.1K tons)
- United Kingdom (5.6K tons)
- Belgium (3.7K tons)
- Netherlands (3.0K tons)
- United States (2.4K tons)
- Poland (1.9K tons)
- France (1.7K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Sweden
Imports of food preparations not elsewhere specified or included into Sweden rose modestly to 115K tons in 2022, picking up by 3% compared with 2021. The total import volume increased at an average annual rate of +4.7% from 2019 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 2021 when imports increased by 12% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included contracted modestly to $528M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 9.9% against the previous year. As a result, imports reached the peak of $534M, and then reduced slightly in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 78.0 | 73.7 | 93.9 | 100 | 8.6% |
| Netherlands | 49.0 | 54.2 | 55.6 | 74.6 | 15.0% |
| Denmark | 54.6 | 58.5 | 59.1 | 40.1 | -9.8% |
| Norway | 29.4 | 30.3 | 36.1 | 35.4 | 6.4% |
| United Kingdom | 38.4 | 37.1 | 35.0 | 30.7 | -7.2% |
| Finland | 20.3 | 23.3 | 28.1 | 29.5 | 13.3% |
| Poland | 34.3 | 30.6 | 26.5 | 19.9 | -16.6% |
| Belgium | 13.6 | 16.9 | 18.5 | 16.0 | 5.6% |
| Thailand | 11.7 | 11.0 | 10.8 | 14.3 | 6.9% |
| Spain | 5.2 | 7.3 | 8.8 | 9.2 | 20.9% |
| Israel | 8.9 | 15.3 | 11.1 | 8.3 | -2.3% |
| Sri Lanka | 3.4 | 5.3 | 4.6 | 5.2 | 15.2% |
| Estonia | 0.1 | 3.9 | 4.5 | 4.0 | 242.0% |
| Others | 107 | 118 | 141 | 140 | 9.4% |
| Total | 454 | 486 | 534 | 528 | 5.2% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Sweden in 2022:
- Germany (32.4K tons)
- Netherlands (12.9K tons)
- Belgium (10.1K tons)
- Denmark (9.1K tons)
- Finland (7.8K tons)
- Thailand (6.9K tons)
- Norway (4.9K tons)
- United Kingdom (4.1K tons)
- Poland (2.8K tons)
- Spain (2.3K tons)
- Sri Lanka (2.2K tons)
- Israel (2.1K tons)
- Estonia (1.9K tons)
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