Scandinavia: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Scandinavia

For the fourth consecutive year, the Scandinavia metal gas appliances market recorded growth in sales value, which increased by 31% to $X in 2022. In general, consumption showed a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Metal Gas Appliances Production in Scandinavia

In value terms, metal gas appliances production rose sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by 354% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Gas Appliances Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in shipments abroad of iron or steel gas domestic appliances, which increased by 61% to X units in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 141% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal gas appliances exports soared to $X in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden was the largest exporting country with an export of about X units, which amounted to 81% of total exports. It was distantly followed by Norway (X units) and Finland (X units), together generating a 19% share of total exports.

Exports from Sweden increased at an average annual rate of +18.1% from 2012 to 2022. At the same time, Finland (+19.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +19.4% from 2012-2022. By contrast, Norway (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Finland increased by +38 and +4.1 percentage points, respectively.

In value terms, Sweden ($X) remains the largest metal gas appliances supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was held by Norway ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +11.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+5.4% per year) and Finland (+24.4% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, reducing by -11.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 44%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while Sweden ($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 (+11.5%), while the other leaders experienced mixed trends in the export price figures.

Metal Gas Appliances Imports

Imports in Scandinavia

For the fourth consecutive year, Scandinavia recorded growth in supplies from abroad of iron or steel gas domestic appliances, which increased by 45% to X units in 2022. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 63%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, metal gas appliances imports surged to $X in 2022. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 88%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Sweden (X units) was the key importer of iron or steel gas domestic appliances, committing 56% of total imports. Norway (X units) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Finland (17%).

Imports into Sweden increased at an average annual rate of +16.2% from 2012 to 2022. At the same time, Finland (+17.8%) and Norway (+6.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +17.8% from 2012-2022. From 2012 to 2022, the share of Sweden and Finland increased by +15 and +6 percentage points, respectively.

In value terms, the largest metal gas appliances importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

In terms of the main importing countries, Sweden, with a CAGR of +13.6%, saw 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 unit in 2022, declining by -13.5% against the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 22%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Norway ($X per unit), while Finland ($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 (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform