Scandinavia: Hvac Equipment Market 2024

Hvac Equipment Market Size in Scandinavia

For the third year in a row, the Scandinavia HVAC equipment market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a strong expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Hvac Equipment Production in Scandinavia

In value terms, HVAC equipment production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Hvac Equipment Exports

Exports in Scandinavia

In 2022, shipments abroad of HVAC equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; afterwards, it flattened through to 2022.

In value terms, HVAC equipment exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden represented the largest exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Finland (X units), making up a X% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to HVAC equipment exports from Sweden stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest HVAC equipment supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the export price figures.

Hvac Equipment Imports

Imports in Scandinavia

In 2022, supplies from abroad of HVAC equipment increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, HVAC equipment imports rose sharply to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Sweden was the main importer of HVAC equipment in Scandinavia, with the volume of imports recording X units, which was near X% of total imports in 2022. Finland (X units) took the second position in the ranking, distantly followed by Norway (X units). All these countries together took near X% share of total imports.

Sweden was also the fastest-growing in terms of the HVAC equipment imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) and Norway (X p.p.) displayed negative dynamics.

In value terms, the largest HVAC equipment importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X), with a combined X% share of total imports.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Scandinavia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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 Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform