Scandinavia: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in Scandinavia

In 2021, the Scandinavia hand-held blow pipe market decreased by -17% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a slight shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Hand-Held Blow Pipe Production in Scandinavia

In value terms, hand-held blow pipe production fell slightly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.9% against 2017 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 42% against the previous year. The level of production peaked at $X in 2020, and then declined slightly in the following year.

Hand-Held Blow Pipe Exports

Exports in Scandinavia

In 2021, shipments abroad of hand-held blow pipes for soldering, brazing or welding increased by 89% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 120%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, hand-held blow pipe exports surged to $X in 2021. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 69%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Sweden prevails in exports structure, amounting to X units, which was approx. 98% of total exports in 2021. Norway (X units) took a minor share of total exports.

Sweden was also the fastest-growing in terms of the hand-held blow pipes for soldering, brazing or welding exports, with a CAGR of +23.4% from 2012 to 2021. Norway (-8.3%) illustrated a downward trend over the same period. Sweden (+26 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -19% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest hand-held blow pipe supplier in Scandinavia, comprising 97% of total exports. The second position in the ranking was held by Norway ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +18.1%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, shrinking by -37.3% against the previous year. Overall, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2015 when the export price increased by 54% 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 remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.6%).

Hand-Held Blow Pipe Imports

Imports in Scandinavia

In 2021, purchases abroad of hand-held blow pipes for soldering, brazing or welding increased by 67% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hand-held blow pipe imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Sweden represented the major importing country with an import of about X units, which reached 82% of total imports. Norway (X units) ranks second in terms of the total imports with a 12% share, followed by Finland (6.1%).

Sweden was also the fastest-growing in terms of the hand-held blow pipes for soldering, brazing or welding imports, with a CAGR of +12.1% from 2012 to 2021. Norway (-3.6%) and Finland (-10.2%) illustrated a downward trend over the same period. Sweden (+35 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by -15.1% and -19.7% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported hand-held blow pipes for soldering, brazing or welding in Scandinavia, comprising 68% of total imports. The second position in the ranking was held by Norway ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +8.3%. In the other countries, the average annual rates were as follows: Norway (-2.0% per year) and Finland (-3.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, falling by -19.3% against the previous year. Over the period under review, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 33%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform