Scandinavia: Hay-Making Machinery Market 2025

Hay-Making Machinery Market Size in Scandinavia

After two years of decline, the Scandinavia hay-making machinery market increased by 14% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Hay-Making Machinery Production in Scandinavia

In value terms, hay-making machinery production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 48% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Hay-Making Machinery Exports

Exports in Scandinavia

In 2021, the amount of hay-making machinery exported in Scandinavia stood at X units, picking up by 7% on 2020. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hay-making machinery exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Finland dominates exports structure, amounting to X units, which was near 93% of total exports in 2021. The following exporters - Norway (X units) and Sweden (X units) - together made up 6.9% of total exports.

Finland was also the fastest-growing in terms of the hay-making machinery exports, with a CAGR of +6.4% from 2012 to 2021. At the same time, Norway (+6.2%) displayed positive paces of growth. By contrast, Sweden (-22.7%) illustrated a downward trend over the same period. Finland (+28 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -29% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest hay-making machinery supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was taken by Norway ($X), with a 2.7% share of total exports.

In Finland, hay-making machinery exports expanded at an average annual rate of +4.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+4.8% per year) and Sweden (-22.4% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, increasing by 9.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Norway ($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 (+0.4%), while the other leaders experienced a decline in the export price figures.

Hay-Making Machinery Imports

Imports in Scandinavia

In 2021, after two years of decline, there was growth in purchases abroad of hay-making machinery, when their volume increased by 4.9% to X units. Total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 decreased by -19.9% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by 49%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, hay-making machinery imports stood at $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Norway (X units) represented the key importer of hay-making machinery, achieving 50% of total imports. It was distantly followed by Sweden (X units) and Finland (X units), together committing a 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +3.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021.

Norway, with a CAGR of +4.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, picking up by 8.4% against the previous year. Overall, the import price recorded a modest increase. The most prominent rate of growth was recorded in 2018 when the import price increased by 14%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($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 (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform