Scandinavia: Food Mixer Market 2024

Food Mixer Market Size in Scandinavia

After two years of growth, the Scandinavia food mixer market decreased by -34.2% to $X in 2022. Over the period under review, consumption continues to indicate a mild descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Food Mixer Production in Scandinavia

In value terms, food mixer production reached $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The growth pace was the most rapid in 2013 with an increase of 6.9% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Food Mixer Exports

Exports in Scandinavia

In 2022, overseas shipments of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -22.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, food mixer exports contracted dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced notably in the following year.

Exports by Country

Sweden (X units) represented roughly 98% of total exports in 2022.

Sweden was also the fastest-growing in terms of the domestic food grinders and mixers and fruit or vegetable juice extractors exports, with a CAGR of -1.4% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest food mixer supplier in Scandinavia.

In Sweden, food mixer exports increased at an average annual rate of +1.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, reducing by -9.5% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, food mixer export price increased by +54.4% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 23%. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +3.4% per year.

Food Mixer Imports

Imports in Scandinavia

In 2022, overseas purchases of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -24.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, food mixer imports shrank dramatically to $X in 2022. In general, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 33%. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Sweden represented the largest importing country with an import of around X units, which finished at 65% of total imports. It was distantly followed by Norway (X units) and Finland (X units), together creating a 35% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to food mixer imports into Sweden stood at -2.5%. Finland experienced a relatively flat trend pattern. Norway (-1.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest food mixer importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

In terms of the main importing countries, Finland, with a CAGR of +1.5%, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, waning by -18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped sharply in the following year.

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 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 Finland (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform