Scandinavia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Scandinavia

The Scandinavia lathe for removing metal market declined to $X in 2021, dropping by -8.4% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +10.0% against 2019 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Lathes For Removing Metal in Scandinavia

In value terms, lathe for removing metal production totaled $X in 2021 estimated in export price. Over the period under review, production showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 421%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Scandinavia

After two years of decline, overseas shipments of lathes for removing metal increased by 74% to X units in 2021. Overall, exports recorded a notable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 135% against the previous year. Over the period under review, the lafor removing metal exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. In general, exports, however, recorded a pronounced descent. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden was the main exporter of lathes for removing metal in Scandinavia, with the volume of exports reaching X units, which was near 60% of total exports in 2021. Denmark (X units) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Norway (9.2%) and Finland (4.8%).

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from Sweden stood at +3.2%. At the same time, Finland (+5.4%), Denmark (+3.9%) and Norway (+2.6%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +5.4% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest lathe for removing metal supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 86% of total exports. Finland lagged somewhat behind, comprising a further 12%.

Among the main exporting countries, Finland, with a CAGR of +5.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, growing by 22% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when the export price increased by 68% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Lathes For Removing Metal

Imports in Scandinavia

In 2021, overseas purchases of lathes for removing metal increased by 24% to X units, rising for the fifth year in a row after four years of decline. Over the period under review, imports saw slight growth. The pace of growth appeared the most rapid in 2017 when imports increased by 43%. Over the period under review, lafor removing metal imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, lathe for removing metal imports amounted to $X in 2021. Overall, imports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by 54% against the previous year. Over the period under review, lafor removing metal imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark was the key importer of lathes for removing metal in Scandinavia, with the volume of imports amounting to X units, which was near 57% of total imports in 2021. It was distantly followed by Sweden (X units), Norway (X units) and Finland (X units), together creating a 43% share of total imports.

Denmark was also the fastest-growing in terms of the lathes for removing metal imports, with a CAGR of +17.2% from 2012 to 2021. At the same time, Finland (+5.6%) displayed positive paces of growth. By contrast, Norway (-7.6%) and Sweden (-7.9%) illustrated a downward trend over the same period. Denmark (+41 p.p.) and Finland (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by -18.2% and -26.2% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported lathes for removing metal in Scandinavia, comprising 42% of total imports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total imports. It was followed by Finland, with a 20% share.

In Sweden, lathe for removing metal imports plunged by an average annual rate of -4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (-5.0% per year) and Finland (+3.0% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, shrinking by -7.5% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform