Scandinavia: Durum Wheat Market 2024

Durum Wheat Market Size in Scandinavia

The Scandinavia durum wheat market declined modestly to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Durum Wheat Production in Scandinavia

In value terms, durum wheat production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of durum wheat production was Sweden (X tons), accounting for X% of total volume. Moreover, durum wheat production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), fourfold.

In Sweden, durum wheat production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

In 2022, the average yield of durum wheat in Scandinavia declined modestly to X tons per ha, which is down by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the durum wheat yield remained at a 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, the harvested area of durum wheat in Scandinavia dropped slightly to X ha, remaining stable against the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the durum wheat harvested area remained at a somewhat lower figure.

Durum Wheat Exports

Exports in Scandinavia

In 2022, the amount of durum wheat exported in Scandinavia shrank remarkably to X tons, with a decrease of X% compared with the previous year. In general, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Sweden (X tons), together resulting at X% of total export.

Sweden was also the fastest-growing in terms of the durum wheat exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest durum wheat supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a buoyant expansion. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to X% per year.

Durum Wheat Imports

Imports in Scandinavia

In 2022, purchases abroad of durum wheat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, durum wheat imports shrank to $X in 2022. Overall, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to durum wheat imports into Sweden stood at X%. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported durum wheat in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, durum wheat imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by X% against the previous year. In general, the import price recorded notable growth. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain 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 Finland ($X per ton), while Norway ($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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