Scandinavia: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Scandinavia

In 2022, the Scandinavia transportation vehicle body market was finally on the rise to reach $X after four years of decline. In general, consumption, however, continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Transportation Vehicle Body Production in Scandinavia

In value terms, transportation vehicle body production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 141% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Transportation Vehicle Body Exports

Exports in Scandinavia

In 2022, overseas shipments of bodies for motor vehicles for the transporting people decreased by -27.9% to X units, falling for the fifth year in a row after six years of growth. In general, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 218%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports dropped rapidly to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 173% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, amounting to X units, which was near 91% of total exports in 2022. It was distantly followed by Finland (X units), achieving an 8.6% share of total exports.

Sweden was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people exports, with a CAGR of +7.8% from 2012 to 2022. At the same time, Finland (+7.2%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest transportation vehicle body supplying countries in Scandinavia were Sweden ($X) and Finland ($X).

Sweden, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, with an increase of 7.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 64% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.8%).

Transportation Vehicle Body Imports

Imports in Scandinavia

In 2022, approx. X units of bodies for motor vehicles for the transporting people were imported in Scandinavia; growing by 80% against 2021 figures. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 203% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, transportation vehicle body imports reduced to $X in 2022. Overall, imports showed modest growth. The most prominent rate of growth was recorded in 2016 when imports increased by 172% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden prevails in imports structure, recording X units, which was near 94% of total imports in 2022. The following importers - Norway (X units) and Finland (X units) - together made up 6.1% of total imports.

Sweden was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people imports, with a CAGR of +24.8% from 2012 to 2022. At the same time, Finland (+5.3%) and Norway (+3.4%) displayed positive paces of growth. Sweden (+22 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -7.9% and -14.6% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in Scandinavia, comprising 63% of total imports. The second position in the ranking was held by Finland ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+23.0% per year) and Norway (-0.7% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, which is down by -52.4% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 106%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+16.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform