Scandinavia: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Scandinavia

The Scandinavia hand-operated air pump market fell to $X in 2022, which is down by -11.7% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Hand-Operated Air Pump Production in Scandinavia

In value terms, hand-operated air pump production fell dramatically to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 297% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Hand-Operated Air Pump Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded decline in overseas shipments of hand or foot-operated air pumps, which decreased by -2.3% to X units in 2022. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 14% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-operated air pump exports declined to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Sweden represented the main exporter of hand or foot-operated air pumps in Scandinavia, with the volume of exports resulting at X units, which was near 90% of total exports in 2022. It was distantly followed by Finland (X units), comprising a 10% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand-operated air pump exports from Sweden stood at -8.0%. At the same time, Finland (+3.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +3.3% from 2012-2022. From 2012 to 2022, the share of Finland increased by +6.6 percentage points.

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

In terms of the main exporting countries, Finland, with a CAGR of +5.3%, saw 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, shrinking by -9.4% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2017 when the export price increased by 48% against the previous year. The level of export peaked at $X per unit in 2021, and then declined in the following year.

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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.0%).

Hand-Operated Air Pump Imports

Imports in Scandinavia

In 2022, the amount of hand or foot-operated air pumps imported in Scandinavia contracted to X units, which is down by -13.5% compared with 2021. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-operated air pump imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Sweden represented the major importer of hand or foot-operated air pumps in Scandinavia, with the volume of imports accounting for X units, which was approx. 52% of total imports in 2022. It was distantly followed by Finland (X units) and Norway (X units), together mixing up a 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Finland (with a CAGR of +1.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in Scandinavia amounted to $X per unit, picking up by 2.3% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated air pump import price increased by +56.4% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 29% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform