Scandinavia: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Scandinavia

The Scandinavia geometrical quantities electronic measurer market reduced to $X in 2022, declining by -6.6% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Scandinavia

In value terms, geometrical quantities electronic measurer production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in Scandinavia

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities exported in Scandinavia stood at X units, surging by 1.6% against 2021 figures. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, geometrical quantities electronic measurer exports dropped to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +43.2% against 2015 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 16%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Sweden represented the major exporter of electronic instruments and machines for measuring geometrical quantities in Scandinavia, with the volume of exports reaching X units, which was near 65% of total exports in 2022. Finland (X units) held the second position in the ranking, followed by Norway (X units). All these countries together took near 35% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of electronic instruments and machines for measuring geometrical quantities. At the same time, Finland (+7.6%) and Norway (+1.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.6% from 2012-2022. While the share of Finland (+8.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Finland, with a CAGR of +4.4%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, shrinking by -7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the export price increased by 23%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Finland ($X per unit), while Sweden ($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 (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in Scandinavia

Geometrical quantities electronic measurer imports shrank to X units in 2022, waning by -5.3% on the previous year's figure. The total import volume increased at an average annual rate of +1.4% over the period 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 2014 when imports increased by 20%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports shrank modestly to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +4.3% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. The level of import peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Sweden was the main importing country with an import of about X units, which resulted at 52% of total imports. Norway (X units) ranks second in terms of the total imports with a 26% share, followed by Finland (21%).

Imports into Sweden increased at an average annual rate of +1.1% from 2012 to 2022. At the same time, Finland (+2.2%) and Norway (+1.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.2% from 2012-2022. Finland (+1.6 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 geometrical quantities electronic measurer importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

In terms of the main importing countries, Sweden, with a CAGR of +6.0%, recorded the highest rates of growth with regard to 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

The import price in Scandinavia stood at $X per unit in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the import price increased by 29%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably 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 (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform