Scandinavia: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Scandinavia

The Scandinavia industrial bakery machinery market declined to $X in 2022, which is down by -5.2% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Industrial Bakery Machinery Production in Scandinavia

In value terms, industrial bakery machinery production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 74%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports in Scandinavia

Industrial bakery machinery exports declined to X units in 2022, waning by -7.4% compared with the previous year's figure. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 63%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports plummeted to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) was the main exporter of industrial bakery machinery, comprising 71% of total exports. It was distantly followed by Finland (X units) and Norway (X units), together making up a 29% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial bakery machinery exports from Sweden stood at -11.6%. At the same time, Norway (+2.1%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.1% from 2012-2022. By contrast, Finland (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway and Finland increased by +3.6 and +3 percentage points, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, Norway, with a CAGR of -4.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, waning by -8.3% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial bakery machinery export price increased by +30.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 44%. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Industrial Bakery Machinery Imports

Imports in Scandinavia

In 2022, approx. X units of industrial bakery machinery were imported in Scandinavia; dropping by -9.7% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial bakery machinery imports fell notably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X units) and Norway (X units) were the major importers of industrial bakery machinery in 2022, accounting for near 38% and 37% of total imports, respectively. It was distantly followed by Finland (X units), creating a 25% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +1.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2022.

Norway, with a CAGR of +1.8%, recorded the highest growth rate of the value of imports, among 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 2022, the import price in Scandinavia amounted to $X per unit, declining by -9.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 16%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform