Scandinavia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Scandinavia

In 2021, the Scandinavia machine-tool for working wood market decreased by -8.8% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a noticeable contraction. 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 Wood in Scandinavia

In value terms, machine-tool for working wood production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports in Scandinavia

After two years of decline, overseas shipments of machine-tools for working wood increased by 43% to X tons in 2021. In general, exports showed a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of machine-tools for working wood, namely Denmark, Finland and Sweden, represented more than two-thirds of total export. Norway (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +7.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest machine-tool for working wood supplying countries in Scandinavia were Finland ($X), Denmark ($X) and Sweden ($X), with a combined 98% share of total exports.

Denmark, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, declining by -1.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 15%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 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 Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Wood

Imports in Scandinavia

In 2021, purchases abroad of machine-tools for working wood increased by 8.8% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons), distantly followed by Norway (X tons), Denmark (X tons) and Finland (X tons) were the largest importers of machine-tools for working wood, together achieving 99% 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 +5.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood importing markets in Scandinavia were Sweden ($X), Norway ($X) and Denmark ($X), together comprising 85% of total imports.

Denmark, with a CAGR of +8.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, picking up by 9.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2017; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform