Scandinavia: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Scandinavia

The Scandinavia endless machinery band market soared to $X in 2021, jumping by 27% against the previous year. Overall, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Endless Machinery Band Production in Scandinavia

In value terms, endless machinery band production stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 4.7% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Endless Machinery Band Exports

Exports in Scandinavia

In 2021, exports of endless bands for machinery, of stainless steel in Scandinavia skyrocketed to X square meters, jumping by 46% compared with the previous year. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 199% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, endless machinery band exports surged to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 117% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Sweden (X square meters) represented the largest exporter of endless bands for machinery, of stainless steel in Scandinavia, achieving 99% of total export.

Sweden was also the fastest-growing in terms of the endless bands for machinery, of stainless steel exports, with a CAGR of +40.3% from 2012 to 2021. Sweden (+82 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest endless machinery band supplier in Scandinavia.

In Sweden, endless machinery band exports increased at an average annual rate of +26.9% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per square meter in 2021, increasing by 28% against the previous year. In general, the export price posted a modest expansion. The pace of growth was the most pronounced in 2013 an increase of 313% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2021, 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 2021, the rate of growth in terms of prices for Sweden amounted to -9.6% per year.

Endless Machinery Band Imports

Imports in Scandinavia

In 2021, the amount of endless bands for machinery, of stainless steel imported in Scandinavia soared to X square meters, jumping by 70% on the year before. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 145% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, endless machinery band imports soared to $X in 2021. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark dominates imports structure, recording X square meters, which was near 81% of total imports in 2021. Norway (X square meters) held the second position in the ranking, followed by Sweden (X square meters). All these countries together held approx. 16% share of total imports. Finland (X square meters) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the endless bands for machinery, of stainless steel imports, with a CAGR of +46.0% from 2012 to 2021. At the same time, Norway (+13.8%) and Finland (+6.9%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. While the share of Denmark (+62 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-8.9 p.p.), Norway (-11.2 p.p.) and Sweden (-41 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Scandinavia, comprising 67% of total imports. The second position in the ranking was held by Finland ($X), with a 12% share of total imports. It was followed by Sweden, with an 11% share.

In Denmark, endless machinery band imports increased at an average annual rate of +35.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+13.5% per year) and Sweden (+7.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per square meter in 2021, picking up by 3.7% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 42%. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, import prices stood 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 Finland ($X per square meter), while Denmark ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform