Scandinavia: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Scandinavia

The Scandinavia machine-tool for removing material market skyrocketed to $X in 2021, rising by 45% against the previous year. The total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Scandinavia

In value terms, machine-tool for removing material production surged to $X in 2021 estimated in export price. In general, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 117%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Scandinavia

After two years of decline, shipments abroad of machine-tools for working any material by removal of material increased by 3.1% to X units in 2021. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 57% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports declined modestly to $X in 2021. In general, exports showed a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 39%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporter of machine-tools for working any material by removal of material in Scandinavia, with the volume of exports amounting to X units, which was near 75% of total exports in 2021. It was distantly followed by Denmark (X units), creating a 21% share of total exports. Finland (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of +13.2% from 2012 to 2021. At the same time, Denmark (+7.1%) displayed positive paces of growth. By contrast, Finland (-9.0%) illustrated a downward trend over the same period. Sweden (+25 p.p.) significantly strengthened its position in terms of the total exports, while Denmark and Finland saw its share reduced by -2% and -14.3% from 2012 to 2021, respectively.

In value terms, the largest machine-tool for removing material supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Denmark ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +12.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, falling by -4.9% against the previous year. Over the period under review, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 131%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, 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 ($X per unit), while Sweden ($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 (+24.1%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Scandinavia

Machine-tool for removing material imports soared to X units in 2021, growing by 58% compared with the year before. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports soared to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of machine-tools for working any material by removal of material, namely Sweden, Denmark and Finland, represented more than two-thirds of total import. It was distantly followed by Norway (X units), achieving a 12% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material importing markets in Scandinavia were Sweden ($X), Finland ($X) and Denmark ($X), with a combined 81% share of total imports. Norway lagged somewhat behind, comprising a further 19%.

Norway, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, declining by -21.8% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when the import price increased by 17%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform