Scandinavia: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2025

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Scandinavia

In 2022, the Scandinavia market for fully or partly automatic electric machines for arc welding of metals increased by 0.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Scandinavia

In value terms, production of fully or partly automatic electric machines for arc welding of metals contracted to $X in 2022 estimated in export price. In general, production continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 134% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in Scandinavia

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by -4.9% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +73.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 31%. Over the period under review, the exports of reached the peak figure at X units in 2021, and then dropped slightly in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals reduced to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Sweden (X units) and Finland (X units) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sweden (with a CAGR of +8.0%).

In value terms, Finland ($X) and Sweden ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Sweden, with a CAGR of +6.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.4%).

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in Scandinavia

In 2022, purchases abroad of fully or partly automatic electric machines for arc welding of metals decreased by -2.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 19%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals rose to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +32.7% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Finland (X units) and Sweden (X units) represented the key importers of fully or partly automatic electric machines for arc welding of metals in Scandinavia, together constituting 70% of total imports. It was followed by Norway (X units), constituting a 30% 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 +7.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest fully or partly automatic arc welding machine importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main importing countries, Finland, with a CAGR of +4.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, picking up by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2017 when the import price increased by 19%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($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 (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform