Scandinavia: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Scandinavia

After four years of growth, the Scandinavia metal liquid fuel appliances market decreased by -2% to $X in 2022. In general, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Scandinavia

In value terms, metal liquid fuel appliances production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The growth pace was the most rapid in 2016 with an increase of 722%. The level of production peaked at $X in 2021, and then fell slightly in the following year.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in Scandinavia

In 2022, after five years of growth, there was significant decline in overseas shipments of iron or steel liquid fuel domestic appliances, when their volume decreased by -14.7% to X units. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of 132% against the previous year. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, metal liquid fuel appliances exports surged to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 213%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Finland (X units) and Norway (X units) prevails in exports structure, together making up 95% of total exports. It was distantly followed by Sweden (X units), committing a 5.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +31.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the largest metal liquid fuel appliances supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was held by Norway ($X), with a 7.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Finland stood at +37.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+14.5% per year) and Sweden (+18.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, with an increase of 55% against the previous year. Overall, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 136%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Sweden (+11.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in Scandinavia

In 2022, metal liquid fuel appliances imports in Scandinavia surged to X units, with an increase of 42% compared with 2021. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, metal liquid fuel appliances imports surged to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 88%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Norway was the main importing country with an import of about X units, which reached 62% of total imports. Finland (X units) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (11%).

Norway was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances imports, with a CAGR of +14.4% from 2012 to 2022. At the same time, Finland (+13.3%) and Sweden (+3.3%) displayed positive paces of growth. From 2012 to 2022, the share of Norway and Finland increased by +11 and +2.6 percentage points, respectively.

In value terms, Finland ($X), Norway ($X) and Sweden ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Finland, with a CAGR of +25.2%, 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, remaining constant against the previous year. Over the period under review, the import price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2018 an increase of 52%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 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 Sweden (+15.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform