Scandinavia: Test And Measurement Market 2025

Test And Measurement Market Size in Scandinavia

The Scandinavia test and measurement market soared to $X in 2021, surging by 17% against the previous year. In general, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Test And Measurement Production in Scandinavia

In value terms, test and measurement production reached $X in 2021 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 151% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Test And Measurement Exports

Exports in Scandinavia

In 2021, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were exported in Scandinavia; picking up by 14% against the previous year. The total export volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, test and measurement exports rose remarkably to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.0% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Denmark (X units) was the main exporter of instruments and apparatus for measuring or checking pressure of liquids or gasses, mixing up 69% of total exports. Finland (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (13%).

Exports from Denmark increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Sweden (+10.5%) and Finland (+7.6%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.5% from 2012-2021. Sweden (+4.8 p.p.) and Finland (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -7.3% from 2012 to 2021, respectively.

In value terms, the largest test and measurement supplying countries in Scandinavia were Denmark ($X), Finland ($X) and Sweden ($X), together accounting for 87% of total exports.

Finland, with a CAGR of +10.0%, saw the highest rates of growth with regard to the value of exports, among 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

The export price in Scandinavia stood at $X per unit in 2021, shrinking by -4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2014 an increase of 23%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat 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 Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Test And Measurement Imports

Imports in Scandinavia

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses imported in Scandinavia shrank remarkably to X units, with a decrease of -17.2% against the year before. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 21%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, test and measurement imports reached $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 13% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Sweden (X units) and Denmark (X units) represented the major importers of instruments and apparatus for measuring or checking pressure of liquids or gasses in 2021, accounting for near 40% and 33% of total imports, respectively. Finland (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Norway (7.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 85% of total imports.

Among the main importing countries, Denmark, with a CAGR of +6.3%, saw 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

The import price in Scandinavia stood at $X per unit in 2021, rising by 27% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while Finland ($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 (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform