Odoriferous substances for food and drink market in Sweden

Earlier Report Observations

The Swedish market for odoriferous substances used in food and drink showed a pattern of growth with notable interruptions from 2018 to 2024. Starting at 137.0 million US dollars, the market size dipped to 124.2 million US dollars in 2019 before embarking on a three-year expansion.

This growth phase saw the market reach 155.2 million US dollars in 2020, 191.1 million US dollars in 2021, and a peak of 202.3 million US dollars in 2022. A contraction to 171.1 million US dollars occurred in 2023, but the market rebounded to 183.2 million US dollars in 2024, finishing the period well above its starting point.

Production odoriferous substances for food and drink in Sweden

In value, 2017-2020, K $ US

In Sweden, the production value of odoriferous substances for food and drink reached 25 428 thousand US dollars in 2020, marking a significant increase of 55.5% compared to the previous year. Looking back to 2019, the minimum value was recorded at 16 357 thousand US dollars, which saw the largest decline of 6.8%. Over the period from 2018 to 2020, production grew by 44.9%, translating to an annualized growth rate of 13.2%.

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, t

In Sweden, the production of odoriferous substances for food and drink has increased for the second consecutive year. In 2020, output reached 16 150 tonnes, showing a sharp rise of 650.3% compared to 2019. From 2018 to 2020, production surged by 677.2%, which corresponds to an annualized growth rate of 98.1%.

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports odoriferous substances for food and drink from Sweden

Exports in kind, t

The market showed an unstable trend throughout the period. Import levels fluctuated, with a 1.9-fold difference between the low in 2017 and the high in 2018. In 2020, exports of odoriferous substances for food and drink from Sweden totaled 2 907 tonnes, down by 11.1% from the previous year. The maximum value was recorded in 2018 at 3 269 tonnes, which also saw the largest increase of 89.4%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, the main destinations for Sweden's exports of odoriferous substances for food and drink in kind were Norway, accounting for 33.6% of exports, the United Kingdom with 28.2%, and Denmark at 14.5%. Together, these three countries represented 76.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, M $ US

In 2020, Sweden's exports of odoriferous substances for food and drink in value terms stood at 17.1 million US dollars, showing a modest increase of 4.5% from the previous year. Over the period from 2017 to 2020, exports grew by 50.3%, with a compound annual growth rate of 14.6%. The largest decline occurred in 2019 at 1.0%, while the largest increase was recorded in 2018 at 45.3%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, M $ US

From 2017 to 2020, the partner structure for Sweden's exports in value terms was fragmented. The United Kingdom accounted for 21.1% of exports, the Netherlands for 16.6%, and Norway for 11.6%. Together, these three countries represented only 49.2% of total flows, with no single country holding a dominant share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports odoriferous substances for food and drink to Sweden

Imports in kind, t

In 2020, Sweden's imports of odoriferous substances for food and drink in kind totaled 17 768 tonnes, showing a strong gain of 15.6% compared to the previous year. Over the period from 2017 to 2020, imports increased by 26.1%, with a compound annual growth rate of 8.0%. The largest decline was recorded in 2019 at 1.9%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

From 2017 to 2020, Ireland and the Netherlands together accounted for 80.1% of Sweden's total imports in kind of odoriferous substances for food and drink. Other countries contributed to a diversified but less significant portion of imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, M $ US

In 2020, Sweden's imports of odoriferous substances for food and drink in value terms came to 146.9 million US dollars, corresponding to a robust increase of 18.2% over the past year. From 2017 to 2020, imports grew by 23.6%, with a compound annual growth rate of 7.3%. The largest decline was recorded in 2019 at 8.6%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, M $ US

From 2017 to 2020, the principal sources for Sweden's imports in value terms of odoriferous substances for food and drink were Ireland, accounting for 52.6% of imports, the Netherlands with 19.8%, and Germany at 8.9%. Together, these three countries represented 81.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020