Scandinavia: Spinach Market 2024

Spinach Market Size in Scandinavia

After two years of decline, the Scandinavia spinach market increased by X% to $X in 2023. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Spinach Production in Scandinavia

In value terms, spinach production reduced to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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

From 2012 to 2023, the average annual growth rate of volume in Finland totaled X%.

In 2023, the average spinach yield in Scandinavia plummeted to X tons per ha, shrinking by X% compared with 2022 figures. Overall, the yield showed a abrupt curtailment. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2023, the 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 2023, approx. X ha of spinach were harvested in Scandinavia; increasing by X% compared with the previous year's figure. Over the period under review, the harvested area, however, saw a pronounced decline. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Spinach Exports

Exports in Scandinavia

After two years of growth, shipments abroad of spinach decreased by X% to X tons in 2023. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then dropped markedly in the following year.

In value terms, spinach exports shrank notably to $X in 2023. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell dramatically in the following year.

Exports by Country

Sweden (X tons) represented roughly X% of total exports in 2023.

Sweden was also the fastest-growing in terms of the spinach exports, with a CAGR of X% from 2012 to 2023. While the share of Sweden (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Sweden stood at X%.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for Sweden amounted to X% per year.

Spinach Imports

Imports in Scandinavia

In 2023, imports of spinach in Scandinavia rose markedly to X tons, increasing by X% compared with 2022 figures. Total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, spinach imports surged to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the key importer of spinach in Scandinavia, with the volume of imports recording X tons, which was near X% of total imports in 2023. It was distantly followed by Norway (X tons) and Finland (X tons), together making up a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Sweden, spinach imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform