Scandinavia: Laser Market 2025

Laser Market Size in Scandinavia

In 2021, the Scandinavia laser market increased by 46% to $X, rising for the third year in a row after four years of decline. In general, consumption posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Laser Production in Scandinavia

In value terms, laser production dropped slightly to $X in 2021 estimated in export price. In general, production recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 217% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Laser Exports

Exports in Scandinavia

In 2021, shipments abroad of lasers, other than laser diodes increased by 37% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a modest expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 47% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, laser exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +90.9% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland represented the largest exporting country with an export of around X units, which resulted at 71% of total exports. Sweden (X units) held the second position in the ranking, followed by Denmark (X units). All these countries together took approx. 29% share of total exports.

Finland was also the fastest-growing in terms of the lasers, other than laser diodes exports, with a CAGR of +33.9% from 2012 to 2021. Sweden (-8.0%) and Denmark (-13.8%) illustrated a downward trend over the same period. While the share of Finland (+65 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-20.4 p.p.) and Denmark (-44.6 p.p.) displayed negative dynamics.

In value terms, the largest laser supplying countries in Scandinavia were Denmark ($X), Finland ($X) and Sweden ($X), with a combined 97% share of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +19.9%, recorded 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

In 2021, the export price in Scandinavia amounted to $X per unit, growing by 2.2% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price 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, laser export price decreased by -20.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 41%. The level of export peaked at $X per unit in 2016; however, from 2017 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, the country with the highest price was Denmark ($X per unit), while Finland ($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 (+24.5%), while the other leaders experienced mixed trends in the export price figures.

Laser Imports

Imports in Scandinavia

In 2021, supplies from abroad of lasers, other than laser diodes increased by 25% to X units, rising for the third year in a row after four years of decline. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 69%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, laser imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.1% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 47% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X units) represented the key importer of lasers, other than laser diodes, constituting 46% of total imports. It was distantly followed by Iceland (X units), Finland (X units) and Denmark (X units), together comprising a 53% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to laser imports into Sweden stood at +5.0%. At the same time, Iceland (+43.1%), Finland (+7.2%) and Denmark (+1.2%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +43.1% from 2012-2021. From 2012 to 2021, the share of Iceland increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest laser importing markets in Scandinavia were Sweden ($X), Finland ($X) and Denmark ($X), together accounting for 86% of total imports. Iceland lagged somewhat behind, accounting for a further 1.5%.

In terms of the main importing countries, Iceland, with a CAGR of +17.9%, 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

In 2021, the import price in Scandinavia amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 54% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Denmark ($X per unit), while Iceland ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform