Scandinavia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Scandinavia

In 2021, the Scandinavia agricultural product dryer market increased by 1,006% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Agricultural Product Dryer Production in Scandinavia

In value terms, agricultural product dryer production reached $X in 2021 estimated in export price. Overall, production, however, showed a pronounced setback. The growth pace was the most rapid in 2016 when the production volume increased by 48%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports in Scandinavia

In 2021, overseas shipments of dryers for the treatment of agricultural products decreased by -3.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 79%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports stood at $X in 2021. In general, exports showed a deep contraction. The growth pace was the most rapid in 2019 with an increase of 81% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X units) and Sweden (X units) represented roughly 88% of total exports in 2021. It was distantly followed by Finland (X units), mixing up a 12% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +4.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99.9% share of total exports.

Among the main exporting countries, Finland, with a CAGR of +3.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 8.9% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural product dryer export price increased by +50.8% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 114% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Agricultural Product Dryer Imports

Imports in Scandinavia

In 2021, the amount of dryers for the treatment of agricultural products imported in Scandinavia soared to X units, rising by 112% against the previous year's figure. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 461%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, agricultural product dryer imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 129%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway prevails in imports structure, resulting at X units, which was near 90% of total imports in 2021. It was distantly followed by Sweden (X units), creating a 9% share of total imports.

Imports into Norway increased at an average annual rate of +22.9% from 2012 to 2021. At the same time, Sweden (+48.5%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +48.5% from 2012-2021. Sweden (+7.4 p.p.) and Norway (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural product dryer importing markets in Scandinavia were Norway ($X) and Sweden ($X).

Sweden, with a CAGR of +7.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, waning by -48.7% against the previous year. Overall, the import price showed a precipitous decline. The pace of growth was the most pronounced in 2015 when the import price increased by 70% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-19.8%).

Source: IndexBox Platform