Scandinavia: Computing Machinery Market 2024

Computing Machinery Market Size in Scandinavia

In 2021, the Scandinavia computing machinery market was finally on the rise to reach $X after two years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Computing Machinery Production in Scandinavia

In value terms, computing machinery production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 19%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Computing Machinery Exports

Exports in Scandinavia

After two years of growth, shipments abroad of computing machinery and parts and accessories thereof decreased by -2.6% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 9.7%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, computing machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) and Denmark (X tons) prevails in exports structure, together achieving 84% of total exports. Finland (X tons) ranks next in terms of the total exports with a 10% share, followed by Norway (6%).

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +4.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, together comprising 94% of total exports.

Denmark, with a CAGR of +6.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Sweden ($X per ton) and Norway ($X per ton), while Finland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.6%), while the other leaders experienced more modest paces of growth.

Computing Machinery Imports

Imports in Scandinavia

In 2021, the amount of computing machinery and parts and accessories thereof imported in Scandinavia rose markedly to X tons, picking up by 7.1% against the previous year. Over the period under review, imports, however, saw a noticeable curtailment. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, computing machinery imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Denmark (X tons) represented roughly 68% of total imports in 2021. It was distantly followed by Norway (X tons) and Finland (X tons), together committing a 30% share of total imports. Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +10.6%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 84% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 16%.

Iceland, with a CAGR of +15.6%, 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 more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2017 when the import price increased by 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Iceland ($X per ton) and Norway ($X per ton), while Denmark ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform