Scandinavia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Scandinavia

After two years of decline, the Scandinavia market for equipment for scaffolding, shuttering, propping or pit propping increased by 59% to $X in 2021. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Scandinavia

In value terms, scaffolding, shuttering, and propping equipment production reduced modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 6.2% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in Scandinavia

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -12.3% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports shrank to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 40% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Sweden (X tons) represented the largest exporter of equipment for scaffolding, shuttering, propping or pit propping, mixing up 77% of total exports. It was distantly followed by Norway (X tons), generating an 18% share of total exports. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the equipment for scaffolding, shuttering, propping or pit propping exports, with a CAGR of +12.5% from 2012 to 2021. At the same time, Norway (+12.2%) displayed positive paces of growth. Finland experienced a relatively flat trend pattern. While the share of Sweden (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest scaffolding, shuttering, and propping equipment supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was held by Norway ($X), with a 17% share of total exports.

In Sweden, scaffolding, shuttering, and propping equipment exports increased at an average annual rate of +8.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+6.0% per year) and Finland (+2.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 6.7% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 9.8%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in overseas purchases of equipment for scaffolding, shuttering, propping or pit propping, when their volume increased by 27% to X tons. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the largest importing country with an import of around X tons, which finished at 59% of total imports. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together held near 41% share of total imports.

Sweden was also the fastest-growing in terms of the equipment for scaffolding, shuttering, propping or pit propping imports, with a CAGR of +10.7% from 2012 to 2021. At the same time, Finland (+7.2%) and Norway (+1.0%) displayed positive paces of growth. From 2012 to 2021, the share of Sweden increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported equipment for scaffolding, shuttering, propping or pit propping in Scandinavia, comprising 57% of total imports. The second position in the ranking was taken by Norway ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +9.5%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+0.6% per year) and Finland (+5.4% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 17% against the previous year. Overall, the import price, however, showed a mild slump. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform