Scandinavia: Chromatograph Market 2024

Chromatograph Market Size in Scandinavia

The Scandinavia chromatograph market declined slightly to $X in 2022, falling by -1.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.7%. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Chromatograph Production in Scandinavia

In value terms, chromatograph production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 9.6%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Chromatograph Exports

Exports in Scandinavia

In 2022, shipments abroad of chromatographs and electrophoresis instruments decreased by -20.9% to X units, falling for the second year in a row after three years of growth. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 95% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, chromatograph exports rose rapidly to $X in 2022. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden dominates exports structure, accounting for X units, which was approx. 96% of total exports in 2022. Norway (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the chromatographs and electrophoresis instruments exports, with a CAGR of +9.3% from 2012 to 2022. At the same time, Norway (+7.3%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest chromatograph supplier in Scandinavia, comprising 99% of total exports. The second position in the ranking was held by Norway ($X), with a 0.3% share of total exports.

In Sweden, chromatograph exports expanded at an average annual rate of +11.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, growing by 38% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromatograph export price increased by +100.0% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 45%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%).

Chromatograph Imports

Imports in Scandinavia

In 2022, the amount of chromatographs and electrophoresis instruments imported in Scandinavia contracted to X units, dropping by -13.2% against 2021 figures. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chromatograph imports reduced to $X in 2022. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 33%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Norway represented the key importer of chromatographs and electrophoresis instruments in Scandinavia, with the volume of imports amounting to X units, which was approx. 72% of total imports in 2022. Sweden (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took near 28% share of total imports.

Imports into Norway decreased at an average annual rate of -4.3% from 2012 to 2022. Finland (-2.8%) and Sweden (-4.4%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported chromatographs and electrophoresis instruments in Scandinavia, comprising 65% of total imports. The second position in the ranking was taken by Norway ($X), with a 23% share of total imports.

In Sweden, chromatograph imports plunged by an average annual rate of -4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-1.4% per year) and Finland (-2.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, rising by 8.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform