Scandinavia: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Scandinavia

In 2021, the Scandinavia wood bending machine market decreased by -41.9% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, enjoyed a mild increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted notably in the following year.

Wood Bending Machine Production in Scandinavia

In value terms, wood bending machine production declined slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wood Bending Machine Exports

Exports in Scandinavia

In 2021, shipments abroad of bending or assembling machines increased by 34% to X units, rising for the third consecutive year after three years of decline. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 201% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood bending machine exports dropped notably to $X in 2021. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 657%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland was the main exporter of bending or assembling machines in Scandinavia, with the volume of exports resulting at X units, which was near 50% of total exports in 2021. It was distantly followed by Denmark (X units), Norway (X units) and Sweden (X units), together constituting a 50% share of total exports.

Finland was also the fastest-growing in terms of the bending or assembling machines exports, with a CAGR of +25.5% from 2012 to 2021. At the same time, Norway (+19.6%) and Sweden (+14.0%) displayed positive paces of growth. By contrast, Denmark (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland, Norway and Sweden increased by +38, +9.5 and +5.7 percentage points, respectively.

In value terms, the largest wood bending machine supplying countries in Scandinavia were Finland ($X), Denmark ($X) and Sweden ($X), together comprising 100% of total exports.

Among the main exporting countries, Finland, with a CAGR of +67.8%, 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 2021, declining by -36.9% against the previous year. Overall, the export price, however, saw a measured expansion. The pace of growth was the most pronounced in 2017 when the export price increased by 700% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+33.7%), while the other leaders experienced mixed trends in the export price figures.

Wood Bending Machine Imports

Imports in Scandinavia

In 2021, supplies from abroad of bending or assembling machines decreased by -64.1% to X units for the first time since 2015, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 217%. The volume of import peaked at X units in 2020, and then fell notably in the following year.

In value terms, wood bending machine imports declined rapidly to $X in 2021. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 277%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark was the key importer of bending or assembling machines in Scandinavia, with the volume of imports finishing at X units, which was near 70% of total imports in 2021. Norway (X units) took the second position in the ranking, followed by Finland (X units) and Sweden (X units). All these countries together held near 29% share of total imports.

Denmark was also the fastest-growing in terms of the bending or assembling machines imports, with a CAGR of +61.2% from 2012 to 2021. At the same time, Finland (+26.6%) and Norway (+3.8%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. Denmark (+65 p.p.) and Finland (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by -32.3% and -32.9% from 2012 to 2021, respectively.

In value terms, Denmark ($X), Norway ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 90% of total imports.

Denmark, with a CAGR of +29.8%, recorded the highest growth rate of the value of imports, among 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 unit in 2021, jumping by 79% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the import price increased by 310% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform