Scandinavia: Non-Electric Motor Handtools Market 2025

Non-Electric Motor Handtools Market Size in Scandinavia

The Scandinavia non-electric motor handtools market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption recorded a noticeable expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Electric Motor Handtools Production in Scandinavia

In value terms, non-electric motor handtools production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Non-Electric Motor Handtools Exports

Exports in Scandinavia

After two years of growth, overseas shipments of handtools, hydraulic or with a self-contained non-electric motor decreased by -25.7% to X units in 2022. In general, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric motor handtools exports reduced to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Sweden (X units) represented roughly 98% of total exports in 2022.

Sweden was also the fastest-growing in terms of the handtools, hydraulic or with a self-contained non-electric motor exports, with a CAGR of -1.4% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest non-electric motor handtools supplier in Scandinavia.

In Sweden, non-electric motor handtools exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, increasing by 24% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +1.9% per year.

Non-Electric Motor Handtools Imports

Imports in Scandinavia

In 2022, non-electric motor handtools imports in Scandinavia amounted to X units, rising by 5.3% against 2021 figures. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +87.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric motor handtools imports rose significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X units), distantly followed by Norway (X units) represented the major importers of handtools, hydraulic or with a self-contained non-electric motor, together creating 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +5.1%).

In value terms, the largest non-electric motor handtools importing markets in Scandinavia were Norway ($X) and Finland ($X).

In terms of the main importing countries, Norway, with a CAGR of -0.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, with an increase of 6.7% against the previous year. Overall, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2019 when the import price increased by 89% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.6%).

Source: IndexBox Platform