Scandinavia: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Scandinavia

In 2022, the Scandinavia meat-preparation industrial machinery market decreased by -9.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a tangible increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Meat-Preparation Industrial Machinery Production in Scandinavia

In value terms, meat-preparation industrial machinery production declined markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; 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 18% against the previous year. The level of production peaked at $X in 2021, and then declined markedly in the following year.

Meat-Preparation Industrial Machinery Exports

Exports in Scandinavia

Meat-preparation industrial machinery exports rose rapidly to X units in 2022, surging by 8.6% compared with 2021. In general, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 80%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports amounted to $X in 2022. Overall, exports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Finland was the main exporter of industrial machinery for the preparation of meat or poultry in Scandinavia, with the volume of exports reaching X units, which was near 59% of total exports in 2022. It was distantly followed by Sweden (X units) and Norway (X units), together creating a 41% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat-preparation industrial machinery exports from Finland stood at -6.4%. At the same time, Norway (+12.0%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +12.0% from 2012-2022. By contrast, Sweden (-2.1%) illustrated a downward trend over the same period. While the share of Norway (+16 p.p.) and Sweden (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-18.9 p.p.) displayed negative dynamics.

In value terms, Finland ($X) remains the largest meat-preparation industrial machinery supplier in Scandinavia, comprising 65% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports.

In Finland, meat-preparation industrial machinery exports shrank by an average annual rate of -5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (-1.4% per year) and Norway (+3.8% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, falling by -7.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 53%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Meat-Preparation Industrial Machinery Imports

Imports in Scandinavia

In 2022, supplies from abroad of industrial machinery for the preparation of meat or poultry decreased by -6.1% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 148%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, meat-preparation industrial machinery imports surged to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of meat-preparation industrial machinery imports in 2022 were Norway (X units), together recording 100% of total import.

Norway was also the fastest-growing in terms of the industrial machinery for the preparation of meat or poultry imports, with a CAGR of +6.6% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported industrial machinery for the preparation of meat or poultry in Scandinavia.

In Norway, meat-preparation industrial machinery imports expanded at an average annual rate of +1.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, increasing by 41% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 43%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -5.0% per year.

Source: IndexBox Platform