Scandinavia: Rye Market 2024

Rye Market Size in Scandinavia

The Scandinavia rye market shrank modestly to $X in 2022, which is down by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Rye Production in Scandinavia

In value terms, rye production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Sweden (X tons) remains the largest rye producing country in Scandinavia, comprising approx. X% of total volume. Moreover, rye production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Sweden totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Finland (X% per year) and Norway (X% per year).

In 2022, the average yield of rye in Scandinavia expanded to X tons per ha, picking up by X% against the previous year's figure. 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 was the most pronounced in 2020 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the rye yield failed to regain momentum. 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 rye were harvested in Scandinavia; surging by X% on the year before. The total harvested area indicated modest growth from 2012 to 2022: its figure 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, rye harvested area decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the rye harvested area failed to regain momentum.

Rye Exports

Exports in Scandinavia

In 2022, shipments abroad of rye decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, rye exports soared to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the main exporter of rye in Scandinavia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Finland (X tons), committing a X% share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively.

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

In Sweden, rye exports shrank by 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, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained 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 Finland (X%).

Rye Imports

Imports in Scandinavia

In 2022, purchases abroad of rye was finally on the rise to reach X tons after three years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, rye imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland represented the key importer of rye in Scandinavia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Norway (X tons) took the second position in the ranking, distantly followed by Sweden (X tons). All these countries together took near X% share of total imports.

Imports into Finland decreased at an average annual rate of X% from 2012 to 2022. Sweden experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Norway increased by X and X percentage points, respectively.

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

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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