Scandinavia: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Scandinavia

In 2022, after two years of growth, there was significant decline in the Scandinavia electric oven and cooker market, when its value decreased by -17.3% to $X. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Scandinavia

In value terms, electric oven and cooker production expanded significantly to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 18%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -10.9% to X units. Total exports indicated a temperate increase from 2012 to 2022: its volume 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, exports increased by +51.4% against 2013 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, electric oven and cooker exports shrank to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.7% against 2015 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Sweden (X units) represented the key exporter of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in Scandinavia, making up 98% of total export.

Sweden was also the fastest-growing in terms of the electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports, with a CAGR of +5.3% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by +16 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 electric oven and cooker supplier in Scandinavia.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at +3.8%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 11% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 -1.4% per year.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports in Scandinavia

In 2022, after two years of growth, there was significant decline in supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -20.4% to X units. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +21.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, electric oven and cooker imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Sweden represented the main importing country with an import of around X units, which accounted for 60% of total imports. Norway (X units) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Finland (19%).

From 2012 to 2022, average annual rates of growth with regard to electric oven and cooker imports into Sweden stood at +4.3%. At the same time, Finland (+5.0%) and Norway (+3.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.0% from 2012-2022. From 2012 to 2022, the share of Finland increased by +1.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Finland, with a CAGR of +3.9%, recorded the highest growth rate of 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, growing by 9.9% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform