Scandinavia: Accumulator Market 2025

Accumulator Market Size in Scandinavia

In 2022, the Scandinavia accumulator market increased by X% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Accumulator Production in Scandinavia

In value terms, accumulator production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate strong growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to see gradual growth in the immediate term.

Accumulator Exports

Exports in Scandinavia

For the seventh year in a row, Scandinavia recorded growth in shipments abroad of electric accumulators, which increased by X% to X units in 2022. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, accumulator exports skyrocketed to $X in 2022. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Sweden was the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Finland (X units), constituting a X% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to accumulator exports from Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest accumulator supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Among the main exporting countries, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

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

Accumulator Imports

Imports in Scandinavia

In 2022, approx. X units of electric accumulators were imported in Scandinavia; growing by X% on 2021. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, accumulator imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Finland (X units) and Sweden (X units) dominates imports structure, together achieving X% of total imports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a abrupt slump. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform