Scandinavia: Centrifuges Market 2025

Centrifuges Market Size in Scandinavia

The Scandinavia centrifuges market shrank remarkably to $X in 2021, dropping by -22.8% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Centrifuges Production in Scandinavia

In value terms, centrifuges production contracted sharply to $X in 2021 estimated in export price. In general, production enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 2,204%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Centrifuges Exports

Exports in Scandinavia

In 2021, shipments abroad of centrifuges increased by 99.9% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, centrifuges exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 45%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the major exporting country with an export of around X units, which accounted for 76% of total exports. Finland (X units) ranks second in terms of the total exports with a 16% share, followed by Norway (7.9%).

From 2012 to 2021, average annual rates of growth with regard to centrifuges exports from Sweden stood at +12.5%. At the same time, Norway (+27.9%) and Finland (+13.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +27.9% from 2012-2021. While the share of Norway (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest centrifuges supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was held by Finland ($X), with a 12% share of total exports.

In Sweden, centrifuges exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-3.0% per year) and Norway (+10.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, which is down by -35.1% against the previous year. Overall, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 43%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland ($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 (-10.5%), while the other leaders experienced a decline in the export price figures.

Centrifuges Imports

Imports in Scandinavia

Centrifuges imports shrank to X units in 2021, waning by -14.4% against 2020. Over the period under review, imports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 88% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, centrifuges imports fell remarkably to $X in 2021. In general, imports recorded a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway was the main importer of centrifuges in Scandinavia, with the volume of imports accounting for X units, which was approx. 51% of total imports in 2021. Sweden (X units) held a 33% share (based on physical terms) of total imports, which put it in second place, followed by Finland (16%).

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +6.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest centrifuges importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Sweden, with a CAGR of -0.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, falling by -3.1% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-6.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform