Scandinavia: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Scandinavia

The Scandinavia metal broaching machine market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in Scandinavia

In value terms, metal broaching machine production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Metal Broaching Machine Exports

Exports in Scandinavia

In 2021, exports of broaching machines for working metal in Scandinavia surged to X units, jumping by 157% compared with 2020. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 536%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, metal broaching machine exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 1,027% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, reaching X units, which was approx. 90% of total exports in 2021. It was distantly followed by Finland (X units), committing an 8.1% share of total exports. Norway (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the broaching machines for working metal exports, with a CAGR of +34.1% from 2012 to 2021. At the same time, Norway (+22.0%) displayed positive paces of growth. By contrast, Finland (-19.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +80 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) emerged as the largest metal broaching machine supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was held by Finland ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled +19.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-7.5% per year) and Norway (+22.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, falling by -52.2% against the previous year. Overall, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 284%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden ($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 (+15.2%), while the other leaders experienced mixed trends in the export price figures.

Metal Broaching Machine Imports

Imports in Scandinavia

In 2021, metal broaching machine imports in Scandinavia skyrocketed to X units, surging by 479% on 2020. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal broaching machine imports declined rapidly to $X in 2021. Overall, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 853% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden dominates imports structure, recording X units, which was near 98% of total imports in 2021. Norway (X units) took a relatively small share of total imports.

Sweden was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of +42.2% from 2012 to 2021. Norway (-4.1%) illustrated a downward trend over the same period. Sweden (+73 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -17.2% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported broaching machines for working metal in Scandinavia, comprising 79% of total imports. The second position in the ranking was held by Norway ($X), with a 19% share of total imports.

In Sweden, metal broaching machine imports declined by an average annual rate of -15.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, which is down by -92.4% against the previous year. Overall, the import price recorded a sharp setback. The growth pace was the most rapid in 2014 when the import price increased by 919%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+16.3%).

Source: IndexBox Platform