Scandinavia: Concrete Mixer Market 2024

Concrete Mixer Market Size in Scandinavia

In 2021, the Scandinavia concrete mixer market decreased by -21% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Concrete Mixer Production in Scandinavia

In value terms, concrete mixer production contracted slightly to $X in 2021 estimated in export price. Overall, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Concrete Mixer Exports

Exports in Scandinavia

In 2021, after two years of growth, there was decline in overseas shipments of concrete or mortar mixers, when their volume decreased by -3.7% to X units. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 84%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, concrete mixer exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 59%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Denmark represented the largest exporting country with an export of about X units, which recorded 67% of total exports. Finland (X units) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (10%).

Denmark was also the fastest-growing in terms of the concrete or mortar mixers exports, with a CAGR of +7.4% from 2012 to 2021. At the same time, Sweden (+3.1%) displayed positive paces of growth. By contrast, Finland (-5.1%) illustrated a downward trend over the same period. Denmark (+22 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -22.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest concrete mixer supplier in Scandinavia, comprising 61% of total exports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total exports.

In Denmark, concrete mixer exports expanded at an average annual rate of +10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+9.9% per year) and Finland (-3.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, rising by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+6.6%), while the other leaders experienced more modest paces of growth.

Concrete Mixer Imports

Imports in Scandinavia

In 2021, overseas purchases of concrete or mortar mixers increased by 9% to X units, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, concrete mixer imports skyrocketed to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Denmark was the major importer of concrete or mortar mixers in Scandinavia, with the volume of imports accounting for X units, which was approx. 55% of total imports in 2021. Sweden (X units) ranks second in terms of the total imports with a 17% share, followed by Norway (17%) and Finland (5.8%). Iceland (X units) held a minor share of total imports.

Imports into Denmark increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Iceland (+35.3%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +35.3% from 2012-2021. Sweden experienced a relatively flat trend pattern. By contrast, Norway (-2.8%) and Finland (-9.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark and Iceland increased by +10 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X), Norway ($X) and Sweden ($X) were the countries with the highest levels of imports in 2021, with a combined 94% share of total imports. Finland and Iceland lagged somewhat behind, together accounting for a further 6.1%.

In terms of the main importing countries, Iceland, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, with an increase of 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2016 an increase of 35%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform