Scandinavia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Scandinavia

The Scandinavia wood drilling machine market rose slightly to $X in 2021, picking up by 3.4% against the previous year. Overall, consumption enjoyed a resilient expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Scandinavia

In value terms, wood drilling machine production surged to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 96%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wood Drilling Machine Exports

Exports in Scandinavia

In 2021, the amount of drilling or morticing machines exported in Scandinavia expanded slightly to X units, increasing by 3.8% on the previous year. In general, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 28% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports contracted rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the key exporter of drilling or morticing machines in Scandinavia, with the volume of exports reaching X units, which was approx. 64% of total exports in 2021. It was distantly followed by Denmark (X units), generating a 28% share of total exports. The following exporters - Norway (X units) and Finland (X units) - each accounted for an 8.1% share of total exports.

Exports from Sweden decreased at an average annual rate of -11.6% from 2012 to 2021. At the same time, Denmark (+8.4%) and Norway (+2.8%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.4% from 2012-2021. By contrast, Finland (-12.4%) illustrated a downward trend over the same period. Denmark (+22 p.p.) and Norway (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Sweden saw its share reduced by -1.6% and -22.5% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest wood drilling machine supplier in Scandinavia, comprising 70% of total exports. The second position in the ranking was taken by Sweden ($X), with a 25% share of total exports. It was followed by Norway, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in Denmark amounted to -12.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+2.0% per year) and Norway (-3.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, waning by -19.2% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 81% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Sweden ($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 (+15.4%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in supplies from abroad of drilling or morticing machines, when their volume increased by 48% to X units. Overall, imports posted a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 64%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, wood drilling machine imports surged to $X in 2021. In general, imports enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 116% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden was the key importing country with an import of around X units, which amounted to 63% of total imports. Norway (X units) ranks second in terms of the total imports with a 23% share, followed by Finland (13%).

Sweden was also the fastest-growing in terms of the drilling or morticing machines imports, with a CAGR of +25.2% from 2012 to 2021. At the same time, Finland (+3.8%) and Norway (+1.1%) displayed positive paces of growth. From 2012 to 2021, the share of Sweden increased by +43 percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported drilling or morticing machines in Scandinavia, comprising 62% of total imports. The second position in the ranking was taken by Norway ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +18.4%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-4.9% per year) and Finland (-5.3% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, dropping by -9.9% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($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 (-5.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform