Scandinavia: First-Aid Kit Market 2024

First-Aid Kit Market Size in Scandinavia

In 2022, the Scandinavia first-aid kit market increased by 46% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a perceptible 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, consumption increased by +49.3% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

First-Aid Kit Production in Scandinavia

In value terms, first-aid kit production amounted to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 119% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

First-Aid Kit Exports

Exports in Scandinavia

In 2022, approx. X tons of first-aid boxes and kits were exported in Scandinavia; waning by -28.4% against 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, first-aid kit exports reduced dramatically to $X in 2022. Over the period under review, exports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of 119% against the previous year. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

In 2022, Sweden (X tons) represented the main exporter of first-aid boxes and kits, creating 76% of total exports. It was distantly followed by Norway (X tons), achieving a 22% share of total exports. Finland (X tons) held a minor share of total exports.

Exports from Sweden decreased at an average annual rate of -2.2% from 2012 to 2022. At the same time, Norway (+11.0%) and Finland (+4.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.0% from 2012-2022. While the share of Norway (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-15.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest first-aid kit supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was held by Norway ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +3.7%. In the other countries, the average annual rates were as follows: Norway (+6.6% per year) and Finland (+4.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, picking up by 5.2% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, first-aid kit export price increased by +94.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 53%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.0%), while the other leaders experienced a decline in the export price figures.

First-Aid Kit Imports

Imports in Scandinavia

In 2022, overseas purchases of first-aid boxes and kits increased by 30% to X tons, rising for the second year in a row after four years of decline. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 73% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, first-aid kit imports skyrocketed to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) and Norway (X tons) represented the largest importers of first-aid boxes and kits in Scandinavia, together reaching approx. 72% of total imports. It was distantly followed by Finland (X tons), achieving a 28% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +5.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest first-aid kit importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Norway, with a CAGR of +5.6%, saw the highest rates of growth with regard to 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 ton in 2022, flattening at the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, first-aid kit import price decreased by -32.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 85% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform