Sweden - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in Sweden - 2023
Contents:
- Rennet Price in Sweden (CIF) - 2023
- Rennet Price in Sweden (FOB) - 2022
- Rennet Imports in Sweden
- Rennet Exports in Sweden
Rennet Price in Sweden (CIF) - 2023
In May 2023, the average rennet import price amounted to $7,083 per ton, growing by 4.4% against the previous month. Overall, import price indicated modest growth from May 2022 to May 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, rennet import price increased by +16.8% against March 2023 indices. The pace of growth appeared the most rapid in August 2022 an increase of 22% m-o-m. Over the period under review, average import prices attained the peak figure in May 2023.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was Italy ($8,616 per ton), while the price for Denmark amounted to $6,179 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Denmark (+0.8%), while the prices for the other major suppliers experienced a decline.
Rennet Price in Sweden (FOB) - 2022
In 2022, the average rennet export price amounted to $11,370 per ton, declining by -2.5% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rennet export price increased by +85.3% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 39%. The export price peaked at $11,666 per ton in 2021, and then fell slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($23,993 per ton), while the average price for exports to Norway ($9,745 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 Denmark (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Rennet Imports in Sweden
In 2022, after three years of growth, there was decline in overseas purchases of rennet and concentrates thereof, when their volume decreased by -1% to 132 tons. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 444% against the previous year.
In value terms, rennet imports dropped to $764K in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 392% against the previous year.
Import of Rennet in Sweden (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 55.9 | 296 | 394 | 450 | 100.4% |
Italy | 88.7 | 337 | 382 | 281 | 46.9% |
Japan | N/A | 69.7 | N/A | 2.1 | -82.6% |
Others | 2.8 | 22.3 | 26.4 | 31.1 | 123.1% |
Total | 147 | 725 | 802 | 764 | 73.2% |
Top Suppliers of Rennet to Sweden in 2022:
- Japan (undefined tons)
- Denmark (105.5 tons)
- Italy (24.9 tons)
Rennet Exports in Sweden
In 2022, overseas shipments of rennet and concentrates thereof were finally on the rise to reach 11 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable shrinkage.
In value terms, rennet exports expanded modestly to $129K in 2022. Over the period under review, exports, however, recorded a slight reduction.
Export of Rennet in Sweden (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 5.7 | 12.5 | 15.3 | 79.2 | 140.4% |
Denmark | 48.8 | 51.2 | 17.2 | 23.7 | -21.4% |
Switzerland | 49.9 | 50.6 | 48.4 | 14.4 | -33.9% |
Sudan | N/A | N/A | N/A | 10.4 | 0% |
United States | 17.0 | 0.1 | N/A | N/A | -99.4% |
Italy | N/A | 17.1 | N/A | N/A | 0% |
Australia | 11.9 | N/A | N/A | N/A | 0% |
Others | 0.5 | 0.1 | 45.9 | 1.4 | 40.9% |
Total | 134 | 132 | 127 | 129 | -1.3% |
Top Export Markets for Rennet from Sweden in 2022:
- Norway (8.1 tons)
- Denmark (1.9 tons)
- Switzerland (0.8 tons)
- Sudan (0.4 tons)
This report provides an in-depth analysis of the rennet market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146450 - Rennet and concentrates thereof
Country coverage:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rennet market in Sweden.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in Sweden.
This report provides an in-depth analysis of the global rennet market.
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