Scandinavia: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Scandinavia

In 2022, the Scandinavia gravimetric filling machine market increased by 19% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption recorded a strong expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Gravimetric Filling Machine Production in Scandinavia

In value terms, gravimetric filling machine production fell to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 10%. As a result, production reached the peak level of $X, and then dropped in the following year.

Gravimetric Filling Machine Exports

Exports in Scandinavia

In 2022, exports of automatic gravimetric filling machines in Scandinavia reduced rapidly to X units, with a decrease of -63.3% compared with 2021. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 409%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravimetric filling machine exports dropped rapidly to $X in 2022. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 405% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden was the main exporter of automatic gravimetric filling machines in Scandinavia, with the volume of exports finishing at X units, which was near 72% of total exports in 2022. It was distantly followed by Norway (X units), comprising a 25% share of total exports. Finland (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +15.5% from 2012 to 2022. At the same time, Norway (+4.5%) displayed positive paces of growth. By contrast, Finland (-11.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +34 percentage points.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Norway, with a CAGR of +13.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, which is down by -3.2% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 113%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.6%), while the other leaders experienced a decline in the export price figures.

Gravimetric Filling Machine Imports

Imports in Scandinavia

In 2022, overseas purchases of automatic gravimetric filling machines increased by 304% to X units, rising for the sixth year in a row after two years of decline. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gravimetric filling machine imports dropped to $X in 2022. Over the period under review, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by 79%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Sweden dominates imports structure, recording X units, which was approx. 91% of total imports in 2022. It was distantly followed by Finland (X units), mixing up a 5.9% share of total imports. Norway (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the automatic gravimetric filling machines imports, with a CAGR of +36.0% from 2012 to 2022. At the same time, Finland (+22.9%) displayed positive paces of growth. By contrast, Norway (-8.0%) illustrated a downward trend over the same period. While the share of Sweden (+59 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (-58.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +7.4%, recorded 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

In 2022, the import price in Scandinavia amounted to $X per unit, shrinking by -76.5% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of 55%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+12.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform