Scandinavia: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Scandinavia

In 2022, the Scandinavia sugary soft drink market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Scandinavia

In value terms, sugary soft drink production stood at $X in 2022 estimated in export price. In general, production, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports in Scandinavia

In 2022, overseas shipments of sugary soft drinks decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X litres in 2021, and then dropped markedly in the following year.

In value terms, sugary soft drink exports declined markedly to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Sweden was the key exporting country with an export of about X litres, which reached X% of total exports. It was distantly followed by Finland (X litres) and Norway (X litres), together achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sugary soft drink exports from Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Norway and Sweden saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Sweden, sugary soft drink exports 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).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per litre, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per litre), while Norway ($X per litre) 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 a decline in the export price figures.

Sugary Soft Drink Imports

Imports in Scandinavia

In 2022, supplies from abroad of sugary soft drinks increased by X% to X litres, rising for the seventh year in a row after two years of decline. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sugary soft drink imports reached $X in 2022. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden was the major importing country with an import of around X litres, which accounted for X% of total imports. Norway (X litres) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per litre, which is down by X% against the previous year. Over the period under review, the import price, however, recorded mild growth. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per litre, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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