Scandinavia: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in Scandinavia

The Scandinavia adhesive dressings market expanded rapidly to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Adhesive Dressings Production in Scandinavia

In value terms, adhesive dressings production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Adhesive Dressings Exports

Exports in Scandinavia

In 2021, approx. X tons of adhesive dressings or similar articles were exported in Scandinavia; growing by 11% compared with 2020. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 14%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, adhesive dressings exports surged to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 53%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Finland (X tons), Denmark (X tons) and Sweden (X tons), together accounting for 97% of total export. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +7.6%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the largest adhesive dressings supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was taken by Sweden ($X), with a 24% share of total exports. It was followed by Denmark, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in Finland amounted to +6.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+7.8% per year) and Denmark (-2.8% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Adhesive Dressings Imports

Imports in Scandinavia

In 2021, after three years of decline, there was significant growth in overseas purchases of adhesive dressings or similar articles, when their volume increased by 8.6% to X tons. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 26% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, adhesive dressings imports totaled $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 26% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) and Denmark (X tons) were the major importers of adhesive dressings or similar articles in Scandinavia, together achieving 81% of total imports. Norway (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Finland (7.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, with a combined 85% share of total imports.

Sweden, with a CAGR of +8.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 5.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 16%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform