The import of coconut oil to Sweden has shown considerable volatility over the last decade. From a peak of 12.259 million kilograms in 2014, the volume significantly dropped to 2.982 million kilograms by 2018. Since then, a gradual recovery trend can be observed, culminating in a volume of 5.1306 million kilograms in 2023. The data forecasts a continual, albeit modest, increase up to 5.5161 million kilograms by 2028.
Variations and Trends:
• 2023 stood at 5.1306 million kilograms.
• Year-on-year variations in 2022 and 2023 are 1.53% and 1.57%, respectively.
• The last 5-year CAGR is 11.46%.
• Forecast 5-year CAGR stands at 1.15%, with a forecast growth rate of 5.89% over the same period.
Future trends to watch for include the impact of sustainable sourcing initiatives, evolving consumer preferences towards organic products, and potential trade policy changes affecting the import of coconut oil. Increased focus on health and wellness trends could drive higher imports, while technological advancements in oil extraction and processing may influence market dynamics.