Scandinavia: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Scandinavia

The Scandinavia market for electro-thermic appliances or domestic purposes surged to $X in 2021, growing by 55% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Scandinavia

In value terms, electro-thermic appliances or domestic purposes production surged to $X in 2021 estimated in export price. Overall, production, however, saw a precipitous contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in Scandinavia

In 2021, overseas shipments of electro-thermic appliances or domestic purposes increased by 49% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 101% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden was the largest exporting country with an export of around X units, which reached 79% of total exports. It was distantly followed by Denmark (X units), making up a 16% share of total exports. The following exporters - Finland (X units) and Norway (X units) - together made up 5.2% of total exports.

Sweden was also the fastest-growing in terms of the electro-thermic appliances or domestic purposes exports, with a CAGR of +21.2% from 2012 to 2021. At the same time, Finland (+14.8%) and Denmark (+10.2%) displayed positive paces of growth. By contrast, Norway (-2.3%) illustrated a downward trend over the same period. While the share of Sweden (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-9.3 p.p.) and Denmark (-11.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest electro-thermic appliances or domestic purposes supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was held by Denmark ($X), with a 19% share of total exports. It was followed by Norway, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +10.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+10.1% per year) and Norway (-0.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, waning by -14.9% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 17%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.9%), while the other leaders experienced a decline in the export price figures.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in Scandinavia

In 2021, approx. X units of electro-thermic appliances or domestic purposes were imported in Scandinavia; picking up by 71% against the previous year. In general, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.1% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the largest importer of electro-thermic appliances or domestic purposes in Scandinavia, with the volume of imports amounting to X units, which was approx. 52% of total imports in 2021. Denmark (X units) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Finland (15%) and Norway (7.1%).

From 2012 to 2021, average annual rates of growth with regard to electro-thermic appliances or domestic purposes imports into Sweden stood at +19.6%. At the same time, Finland (+19.8%), Denmark (+17.2%) and Norway (+3.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +19.8% from 2012-2021. From 2012 to 2021, the share of Sweden and Finland increased by +11 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) were the countries with the highest levels of imports in 2021, with a combined 84% share of total imports. These countries were followed by Finland, which accounted for a further 14%.

In terms of the main importing countries, Finland, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, with a decrease of -21.1% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 6.6%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform