Scandinavia: Cereal Market 2024

Cereal Market Size in Scandinavia

In 2022, the Scandinavia cereal market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cereal Production in Scandinavia

In value terms, cereal production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Sweden (X tons), Finland (X tons) and Norway (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Norway (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average cereal yield rose markedly to X tons per ha in 2022, growing by X% on the previous year's figure. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the cereal yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Scandinavia; almost unchanged from the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cereal production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Cereal Exports

Exports in Scandinavia

In 2022, shipments abroad of cereals decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cereal exports rose to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the key exporter of cereals in Scandinavia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Finland (X tons), generating a X% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of cereals. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

In value terms, Sweden ($X) remains the largest cereal supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Sweden, cereal exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Cereal Imports

Imports in Scandinavia

In 2022, supplies from abroad of cereals increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cereal imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Norway was the largest importing country with an import of around X tons, which reached X% of total imports. Finland (X tons) held the second position in the ranking, followed by Sweden (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Finland, with a CAGR of X%, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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