Scandinavia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Scandinavia

The Scandinavia machine-tool for working metal market shrank to $X in 2021, which is down by -11.7% against the previous year. Overall, consumption continues to indicate a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Scandinavia

In value terms, machine-tool for working metal production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports in Scandinavia

In 2021, shipments abroad of machine tools for working metal increased by 21% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) and Finland (X units) represented roughly 83% of total exports in 2021. It was distantly followed by Denmark (X units), constituting a 16% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +0.9%), while the other leaders experienced mixed trends in the exports figures.

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

Among the main exporting countries, Sweden, with a CAGR of +1.8%, 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 a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, falling by -4.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 44% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while Denmark ($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 (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Machine Tools For Working Metal

Imports in Scandinavia

Machine-tool for working metal imports surged to X units in 2021, growing by 29% compared with 2020 figures. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% 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 -28.0% against 2019 indices. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X units), Sweden (X units), Finland (X units) and Norway (X units) was the main importer of machine tools for working metal in Scandinavia, generating 99% of total import.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +4.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal importing markets in Scandinavia were Sweden ($X), Norway ($X) and Denmark ($X), with a combined 81% share of total imports.

In terms of the main importing countries, Sweden, with a CAGR of -0.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, dropping by -5.7% against the previous year. Overall, the import price recorded a perceptible descent. The growth pace was the most rapid in 2017 when the import price increased by 26% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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 (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform