Scandinavia: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Scandinavia

The Scandinavia washing and drying machine market expanded sharply to $X in 2021, surging by 9% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Household Washing and Drying Machines in Scandinavia

In value terms, washing and drying machine production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Household Washing and Drying Machines

Exports in Scandinavia

In 2021, the amount of household washing and drying machines exported in Scandinavia amounted to X tons, surging by 3.7% on the previous year's figure. The total export volume increased at an average annual rate of +3.2% 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 2016 with an increase of 11% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, washing and drying machine exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, recording X tons, which was near 90% of total exports in 2021. It was distantly followed by Denmark (X tons), achieving a 9.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to washing and drying machine exports from Sweden stood at +3.1%. At the same time, Denmark (+3.9%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +3.9% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest washing and drying machine supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Denmark ($X), with a 9.7% share of total exports.

In Sweden, washing and drying machine exports expanded at an average annual rate of +3.4% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 7.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%).

Imports of Household Washing and Drying Machines

Imports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in supplies from abroad of household washing and drying machines, which increased by 5% to X tons in 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 17%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, washing and drying machine imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the major importer of household washing and drying machines, constituting 53% of total imports. Denmark (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Norway (13%) and Finland (11%). Iceland (X tons) took a little share of total imports.

Imports into Sweden increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Iceland (+15.8%) and Denmark (+4.9%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +15.8% from 2012-2021. Norway and Finland experienced a relatively flat trend pattern. From 2012 to 2021, the share of Sweden increased by +6.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported household washing and drying machines in Scandinavia, comprising 47% of total imports. The second position in the ranking was held by Denmark ($X), with a 22% share of total imports. It was followed by Norway, with a 17% share.

In Sweden, washing and drying machine imports increased at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+4.3% per year) and Norway (-0.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 3.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 5.5% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Finland ($X per ton), while Iceland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform