Scandinavia: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Scandinavia

In 2021, the Scandinavia machine tool for metal market decreased by -1% to $X, falling for the second consecutive year after six years of growth. Over the period under review, consumption, however, recorded a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in Scandinavia

In value terms, machine tool for metal production expanded rapidly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.8% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Scandinavia

In 2021, shipments abroad of machine tools for working metal without removing metal increased by 73% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 145% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.9% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 64% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden represented the key exporting country with an export of around X units, which finished at 65% of total exports. It was distantly followed by Denmark (X units), constituting a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +19.9%).

In value terms, Sweden ($X) and Denmark ($X) were the countries with the highest levels of exports in 2021.

Among the main exporting countries, Denmark, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, shrinking by -25.3% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 399% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 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 Denmark ($X per unit), while Sweden stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.3%).

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Scandinavia

Machine tool for metal imports soared to X units in 2021, with an increase of 48% on 2020. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 90% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 111% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark represented the main importer of machine tools for working metal without removing metal in Scandinavia, with the volume of imports recording X units, which was near 46% of total imports in 2021. Finland (X units) held the second position in the ranking, distantly followed by Norway (X units) and Sweden (X units). All these countries together held approx. 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tool for metal importing markets in Scandinavia were Denmark ($X), Norway ($X) and Sweden ($X), together comprising 90% of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +18.7%, recorded 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

The import price in Scandinavia stood at $X per unit in 2021, growing by 4.7% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform