Scandinavia: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2025

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Scandinavia

The Scandinavia market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021, increasing by 30% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.6% against 2017 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Scandinavia

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose markedly to $X in 2021 estimated in export price. Over the period under review, production showed a deep reduction. The growth pace was the most rapid in 2013 when the production volume increased by 83%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Scandinavia

In 2021, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Scandinavia plummeted to X tons, reducing by -19.3% against 2020. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 136%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) shrank remarkably to $X in 2021. Over the period under review, exports recorded a mild decline. The pace of growth was the most pronounced in 2020 when exports increased by 183% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland was the key exporting country with an export of about X tons, which reached 58% of total exports. Sweden (X tons) ranks second in terms of the total exports with a 29% share, followed by Denmark (7.5%) and Norway (5.3%).

From 2012 to 2021, average annual rates of growth with regard to internal combustion engine (excl. diesel, moto vehicle and aircraft) exports from Finland stood at -2.4%. Denmark experienced a relatively flat trend pattern. Sweden (-8.1%) and Norway (-12.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and Denmark increased by +12 and +2.7 percentage points, respectively.

In value terms, Finland ($X), Sweden ($X) and Denmark ($X) were the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.

In terms of the main exporting countries, Denmark, with a CAGR of +3.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, falling by -7.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2017 when the export price increased by 41% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

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 Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.3%), while the other leaders experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Scandinavia

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 16% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in 2021 were Sweden (X tons), Norway (X tons), Finland (X tons) and Denmark (X tons), together amounting to 100% of total import.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 87% share of total imports. These countries were followed by Denmark, which accounted for a further 13%.

Among the main importing countries, Denmark, with a CAGR of +15.2%, recorded the highest growth rate of 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 ton in 2021, rising by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform