Scandinavia: Electric Brazing Machine Market 2024

Electric Brazing Machine Exports

Exports in Scandinavia

In 2022, shipments abroad of electric brazing or soldering machines and apparatus was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric brazing machine exports soared to $X in 2022. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 32% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X units) was the key exporter of electric brazing or soldering machines and apparatus, generating 70% of total exports. It was distantly followed by Norway (X units) and Finland (X units), together mixing up a 30% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric brazing machine exports from Sweden stood at -15.0%. Norway (-6.0%) and Finland (-23.3%) illustrated a downward trend over the same period. Norway (+13 p.p.) and Sweden (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -18% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest electric brazing machine supplier in Scandinavia, comprising 67% of total exports. The second position in the ranking was taken by Finland ($X), with a 19% share of total exports.

In Sweden, electric brazing machine exports plunged by an average annual rate of -5.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-10.0% per year) and Norway (-1.5% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, reducing by -33.1% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when the export price increased by 180%. As a result, the export price reached the peak level of $X per unit, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: 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 (+17.4%), while the other leaders experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports in Scandinavia

In 2022, the amount of electric brazing or soldering machines and apparatus imported in Scandinavia expanded sharply to X units, growing by 8.6% compared with the previous year. Overall, imports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 53% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, electric brazing machine imports reduced to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Sweden (X units) represented the major importer of electric brazing or soldering machines and apparatus, mixing up 50% of total imports. Norway (X units) held a 31% share (based on physical terms) of total imports, which put it in second place, followed by Finland (19%).

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +9.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

Norway, with a CAGR of +9.8%, saw 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, which is down by -19.4% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric brazing machine import price increased by +6.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by 53% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then shrank notably 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 ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform