Scandinavia: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in Scandinavia

The Scandinavia gas supply meter market amounted to $X in 2021, with an increase of 2.7% against the previous year. The total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.1% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Gas Supply Meter Production in Scandinavia

In value terms, gas supply meter production amounted to $X in 2021 estimated in export price. Overall, production faced a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 162%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Gas Supply Meter Exports

Exports in Scandinavia

In 2021, approx. X units of gas supply or production meters were exported in Scandinavia; declining by -12.4% on the year before. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 182%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, gas supply meter exports reached $X in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 80% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden was the largest exporter of gas supply or production meters in Scandinavia, with the volume of exports accounting for X units, which was near 71% of total exports in 2021. It was distantly followed by Denmark (X units), making up a 25% share of total exports. Finland (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gas supply meter exports from Sweden stood at -5.2%. At the same time, Finland (+2.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.2% from 2012-2021. By contrast, Denmark (-13.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden and Finland increased by +16 and +1.9 percentage points, respectively.

In value terms, Sweden ($X) remains the largest gas supply meter supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was taken by Denmark ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +9.1%. In the other countries, the average annual rates were as follows: Denmark (-9.7% per year) and Finland (-38.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, surging by 16% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 60% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+15.1%), while the other leaders experienced mixed trends in the export price figures.

Gas Supply Meter Imports

Imports in Scandinavia

In 2021, the amount of gas supply or production meters imported in Scandinavia soared to X units, picking up by 40% against the previous year's figure. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 110%. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, gas supply meter imports soared to $X in 2021. Over the period under review, imports, however, showed a pronounced descent. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Denmark prevails in imports structure, recording X units, which was near 91% of total imports in 2021. Finland (X units), Sweden (X units) and Norway (X units) followed a long way behind the leaders.

Imports into Denmark decreased at an average annual rate of -20.3% from 2012 to 2021. At the same time, Finland (+3.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.1% from 2012-2021. By contrast, Sweden (-12.1%) and Norway (-12.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and Sweden increased by +3.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported gas supply or production meters in Scandinavia, comprising 81% of total imports. The second position in the ranking was taken by Norway ($X), with a 7.7% share of total imports. It was followed by Sweden, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark stood at -1.9%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-6.7% per year) and Sweden (-3.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, growing by 30% against the previous year. In general, the import price posted significant growth. The growth pace was the most rapid in 2020 when the import price increased by 248% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+23.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform