Scandinavia: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Scandinavia

The Scandinavia appliance part brush market reduced to $X in 2022, shrinking by -11% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Appliance Part Brush Production in Scandinavia

In value terms, appliance part brush production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 93%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Appliance Part Brush Exports

Exports in Scandinavia

In 2022, shipments abroad of brushes constituting parts of appliances increased by 5.3% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, appliance part brush exports soared to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Sweden (X units) was the largest exporter of brushes constituting parts of appliances, creating 87% of total exports. It was distantly followed by Finland (X units), constituting a 12% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to appliance part brush exports from Sweden stood at +1.6%. At the same time, Norway (+23.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +23.7% from 2012-2022. By contrast, Finland (-7.5%) illustrated a downward trend over the same period. While the share of Sweden (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-13.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest appliance part brush supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was held by Finland ($X), with a 16% share of total exports.

In Sweden, appliance part brush exports expanded at an average annual rate of +5.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-1.9% per year) and Norway (+20.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2013 when the export price increased by 20% against the previous year. The level of export peaked in 2022 and is expected to retain 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 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 Finland (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Appliance Part Brush Imports

Imports in Scandinavia

In 2022, overseas purchases of brushes constituting parts of appliances increased by 1.9% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, appliance part brush imports declined to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Sweden (X units) and Finland (X units) were the largest importers of brushes constituting parts of appliances in 2022, amounting to approx. 44% and 30% of total imports, respectively. It was distantly followed by Norway (X units), creating a 26% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +4.8%), while imports for the other leaders experienced more modest paces of growth.

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

Finland, with a CAGR of +4.9%, 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

In 2022, the import price in Scandinavia amounted to $X per unit, falling by -7.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 15% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 Sweden (+0.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform