Scandinavia: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Scandinavia

In 2022, the Scandinavia market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, continues to indicate a mild expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Scandinavia

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports in Scandinavia

In 2022, approx. X units of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process were exported in Scandinavia; with an increase of X% against the previous year's figure. Overall, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X in 2022. Over the period under review, exports, however, recorded a slight decline. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden represented the main exporting country with an export of about X units, which reached X% of total exports. Finland (X units) held the second position in the ranking, distantly followed by Norway (X units). All these countries together took near X% share of total exports.

Sweden was also the fastest-growing in terms of the cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports, with a CAGR of X% from 2012 to 2022. Norway experienced a relatively flat trend pattern. Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) and Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Scandinavia amounted to $X per unit, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. 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 Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports in Scandinavia

Imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process fell rapidly to X units in 2022, dropping by X% compared with 2021. In general, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process dropped remarkably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Sweden represented the largest importer of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process in Scandinavia, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Norway (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform