The condensed milk market in Sweden has experienced fluctuating trends over the past decade. From 2012 to 2022, the market saw a general decline, with volumes decreasing from 1.7139 million kilograms in 2012 to 1.48 million kilograms in 2022. Annual growth rates during this period show notable variability, with significant drops such as -7.92% in 2018 and -9.54% in 2019, but also isolated positive growth in 2016 at 10.87%. The recent yearly changes have cemented this downward trajectory, with consistent declines from 2021 to 2022 at -1.72% year-on-year. The compound annual growth rate (CAGR) over the past five years reflects this downturn, indicating the average annual decline of -3.92%.
Future trends to watch for include potential shifts in consumer preferences towards plant-based or alternative dairy products, regulatory changes affecting dairy production and consumption, and innovations in condensed milk products that could impact market volumes. Observing these factors will be crucial for anticipating market changes beyond 2024.
How does Sweden rank in Condensed Milk Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 205,740,000 | 2023 | +1.98% | +2.04% | View data |
| 2 | 2 United Kingdom | 32,378,000 | 2023 | +1.74% | +2.11% | View data |
| 3 | 3 France | 15,496,000 | 2023 | -0.11% | -2.62% | View data |
| 4 | 4 Lithuania | 6,070,200 | 2023 | -1.47% | +0.37% | View data |
| 5 | 5 Portugal | 5,381,900 | 2023 | -1.3% | -0.52% | View data |
| 6 | 6 Italy | 4,545,600 | 2023 | +2.96% | +5.67% | View data |
| 7 | 7 Sweden | 1,454,700 | 2023 | -1.71% | -2.66% |
