Scandinavia: Helicopter Market 2024

Helicopter Market Size in Scandinavia

The Scandinavia helicopter market declined markedly to $X in 2022, falling by -24.8% against the previous year. In general, consumption, however, continues to indicate a noticeable increase. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Helicopter Production in Scandinavia

In value terms, helicopter production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 985% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Helicopter Exports

Exports in Scandinavia

In 2022, the amount of civil helicopters exported in Scandinavia soared to X units, jumping by 105% on the year before. In general, exports posted a resilient expansion. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, helicopter exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 159%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Finland (X units) represented the key exporter of civil helicopters, making up 73% of total exports. Sweden (X units) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Norway (12%).

Finland was also the fastest-growing in terms of the civil helicopters exports, with a CAGR of +5.5% from 2012 to 2022. Sweden (-2.5%) and Norway (-11.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +73 percentage points.

In value terms, Sweden ($X) emerged as the largest helicopter supplier in Scandinavia, comprising 70% of total exports. The second position in the ranking was taken by Norway ($X), with a 29% share of total exports.

In Sweden, helicopter exports contracted by an average annual rate of -1.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-12.0% per year) and Finland (-45.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, waning by -10% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 130%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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 Sweden ($X per unit), while Finland ($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 (+1.3%), while the other leaders experienced a decline in the export price figures.

Helicopter Imports

Imports in Scandinavia

Helicopter imports dropped dramatically to X units in 2022, waning by -55% on the previous year. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 143%. The volume of import peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, helicopter imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 310% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Finland was the main importer of civil helicopters in Scandinavia, with the volume of imports resulting at X units, which was near 57% of total imports in 2022. Sweden (X units) ranks second in terms of the total imports with a 29% share, followed by Norway (14%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +19.6%), while imports for the other leaders experienced mixed trends in the imports figures.

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

Finland, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, with a decrease of -25.8% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 197% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Norway (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform