Price for Protein; Concentrates and Textured Protein Substances in Sweden - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Sweden (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Sweden (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Sweden
- Exports of Protein; Concentrates and Textured Protein Substances in Sweden
Price for Protein; Concentrates and Textured Protein Substances in Sweden (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $4,702 per ton in March 2024, surging by 2.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average import price increased by 25% m-o-m. As a result, import price reached the peak level of $5,952 per ton. From December 2023 to March 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($5,977 per ton), while the price for Serbia ($3,079 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Hungary (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Sweden (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $5,196 per ton in 2022, declining by -14.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 21%. As a result, the export price reached the peak level of $7,149 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
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 Norway ($14,022 per ton), while the average price for exports to Latvia ($767 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 Norway (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Sweden
In 2022, after three years of growth, there was decline in overseas purchases of protein; concentrates and textured protein substanceses, when their volume decreased by -3% to 8.1K tons. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year.
In value terms, imports of protein; concentrates and textured protein substanceses contracted slightly to $38M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 29% against the previous year.
| Import of Protein; Concentrates and Textured Protein Substances in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.5 | 5.7 | 6.7 | 7.7 | 30.1% |
| Denmark | 3.0 | 3.6 | 7.3 | 5.8 | 24.6% |
| United Kingdom | 11.5 | 11.8 | 6.1 | 5.3 | -22.8% |
| United States | 1.4 | 2.3 | 3.0 | 2.8 | 26.0% |
| China | 0.1 | 0.6 | 1.8 | 2.8 | 203.7% |
| Israel | 3.0 | 7.5 | 6.1 | 2.4 | -7.2% |
| Germany | 2.1 | 2.1 | 2.3 | 2.0 | -1.6% |
| Others | 4.9 | 4.5 | 4.7 | 8.7 | 21.1% |
| Total | 29.5 | 38.0 | 38.1 | 37.5 | 8.3% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Sweden in 2022:
- United Kingdom (1.3K tons)
- Netherlands (1.2K tons)
- Denmark (1.2K tons)
- Germany (1.2K tons)
- United States (0.6K tons)
- China (0.6K tons)
- Israel (0.5K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Sweden
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Sweden soared to 2.1K tons, with an increase of 40% on the year before. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $11M in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1,150 | 2,103 | 3,114 | 3,982 | 51.3% |
| Netherlands | N/A | 135 | 2,014 | 1,990 | 283.9% |
| Finland | 1,482 | 2,674 | 1,674 | 1,833 | 7.3% |
| Denmark | 337 | 575 | 274 | 1,146 | 50.4% |
| Portugal | N/A | N/A | 156 | 168 | 7.7% |
| Belgium | 30.0 | 23.4 | 35.8 | 152 | 71.8% |
| China | 213 | 307 | 106 | 125 | -16.3% |
| Latvia | 105 | 166 | 200 | 115 | 3.1% |
| United States | 44.7 | 328 | 608 | 70.5 | 16.4% |
| Others | 770 | 1,279 | 756 | 1,146 | 14.2% |
| Total | 4,131 | 7,591 | 8,937 | 10,726 | 37.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Sweden in 2022:
- Finland (544.2 tons)
- Netherlands (542.1 tons)
- Norway (284.0 tons)
- Denmark (259.3 tons)
- Latvia (150.0 tons)
- Portugal (62.6 tons)
- Belgium (46.0 tons)
- China (11.7 tons)
- United States (11.6 tons)
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