Scandinavia: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Scandinavia

The Scandinavia market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Scandinavia

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.1% against 2012 indices. The pace of growth was the most pronounced in 2015 with an increase of 21% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in Scandinavia

In 2021, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Scandinavia surged to X units, jumping by 22% on the previous year. Total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.5% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 60%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Denmark (X units) and Sweden (X units) represented the largest exporters of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Scandinavia, together finishing at approx. 87% of total exports. It was distantly followed by Finland (X units), constituting an 11% share of total exports. Norway (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +30.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 88% of total exports.

In terms of the main exporting countries, Denmark, with a CAGR of +43.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 8.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 44% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 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 Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in Scandinavia

In 2021, purchases abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2015 with an increase of 22% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 23%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Sweden was the main importer of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Scandinavia, with the volume of imports recording X units, which was near 61% of total imports in 2021. It was distantly followed by Denmark (X units), Finland (X units) and Norway (X units), together achieving a 38% share of total imports.

Imports into Sweden decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, Denmark (+6.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +6.6% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, Norway (-1.5%) illustrated a downward trend over the same period. Denmark (+8.7 p.p.) and Finland (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -11.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of imports in 2021, together comprising 85% of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, declining by -2.1% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by +65.8% against 2015 indices. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform