Scandinavia: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Scandinavia

In 2021, the Scandinavia fruit-preparation industrial machinery market decreased by -23.7% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted a temperate increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fruit-Preparation Industrial Machinery Production in Scandinavia

In value terms, fruit-preparation industrial machinery production skyrocketed to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +51.1% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Fruit-Preparation Industrial Machinery Exports

Exports in Scandinavia

In 2021, approx. X units of industrial machinery for the preparation of fruits, nuts or vegetables were exported in Scandinavia; increasing by 249% compared with the previous year. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fruit-preparation industrial machinery exports surged to $X in 2021. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden was the key exporter of industrial machinery for the preparation of fruits, nuts or vegetables in Scandinavia, with the volume of exports accounting for X units, which was approx. 76% of total exports in 2021. It was distantly followed by Denmark (X units), making up a 19% share of total exports. Norway (X units) held a little share of total exports.

Sweden was also the fastest-growing in terms of the industrial machinery for the preparation of fruits, nuts or vegetables exports, with a CAGR of +24.9% from 2012 to 2021. At the same time, Denmark (+10.5%) and Norway (+5.2%) displayed positive paces of growth. From 2012 to 2021, the share of Sweden increased by +30 percentage points.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

Norway, with a CAGR of +29.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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, waning by -51.9% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Denmark ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+23.0%), while the other leaders experienced mixed trends in the export price figures.

Fruit-Preparation Industrial Machinery Imports

Imports in Scandinavia

In 2021, purchases abroad of industrial machinery for the preparation of fruits, nuts or vegetables decreased by -25.8% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2015 with an increase of 172%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, fruit-preparation industrial machinery imports dropped to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

Denmark prevails in imports structure, finishing at X units, which was approx. 90% of total imports in 2021. It was distantly followed by Norway (X units), comprising a 4.7% share of total imports. Finland (X units) held a relatively small share of total imports.

Denmark was also the fastest-growing in terms of the industrial machinery for the preparation of fruits, nuts or vegetables imports, with a CAGR of +12.6% from 2012 to 2021. At the same time, Finland (+2.5%) displayed positive paces of growth. By contrast, Norway (-1.3%) illustrated a downward trend over the same period. Denmark (+13 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -4.2% and -8.6% from 2012 to 2021, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported industrial machinery for the preparation of fruits, nuts or vegetables in Scandinavia, comprising 64% of total imports. The second position in the ranking was taken by Norway ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +1.8%. In the other countries, the average annual rates were as follows: Norway (-2.8% per year) and Finland (-7.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, picking up by 23% against the previous year. In general, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2013 when the import price increased by 76% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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 ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform