Scandinavia: Twig Broom Market 2024

Twig Broom Market Size in Scandinavia

In 2021, the Scandinavia twig broom market increased by 60% to $X, rising for the third year in a row after four years of decline. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Twig Broom Production in Scandinavia

In value terms, twig broom production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 235% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Twig Broom Exports

Exports in Scandinavia

In 2021, overseas shipments of brooms and brushes of twigs increased by 60% to X units, rising for the fourth consecutive year after three years of decline. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of 952% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, twig broom exports amounted to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 695%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

The biggest shipments were from Sweden (X units) and Denmark (X units), together reaching 99% of total export.

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 +53.7%).

In value terms, Sweden ($X) remains the largest twig broom supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was held by Denmark ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +40.9%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, shrinking by -36.7% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when the export price increased by 110%. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Sweden ($X per unit), while Denmark amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-8.4%).

Twig Broom Imports

Imports in Scandinavia

In 2021, overseas purchases of brooms and brushes of twigs increased by 317% to X units, rising for the third year in a row after four years of decline. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, twig broom imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 34%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X units) represented the main importer of brooms and brushes of twigs, committing 79% of total imports. Sweden (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Finland (5%). Norway (X units) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the brooms and brushes of twigs imports, with a CAGR of +51.6% from 2012 to 2021. At the same time, Sweden (+23.8%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. By contrast, Finland (-1.4%) illustrated a downward trend over the same period. While the share of Denmark (+66 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-25.3 p.p.) and Finland (-35.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported brooms and brushes of twigs in Scandinavia, comprising 50% of total imports. The second position in the ranking was taken by Sweden ($X), with a 24% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway was relatively modest. In the other countries, the average annual rates were as follows: Sweden (-2.8% per year) and Denmark (-4.8% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, waning by -68.4% against the previous year. Overall, the import price continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 30%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, 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 Norway ($X per unit), while Denmark (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform