Scandinavia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Scandinavia

The Scandinavia filling containers machinery market skyrocketed to $X in 2021, with an increase of 75% against the previous year. Over the period under review, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Filling Containers Machinery Production in Scandinavia

In value terms, filling containers machinery production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Filling Containers Machinery Exports

Exports in Scandinavia

In 2021, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -1.9% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports contracted to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.6% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden was the main exporter of machinery for filling, closing, sealing, capsuling or labelling containers in Scandinavia, with the volume of exports resulting at X units, which was approx. 66% of total exports in 2021. It was distantly followed by Denmark (X units) and Finland (X units), together achieving a 34% share of total exports.

Exports from Sweden decreased at an average annual rate of -2.4% from 2012 to 2021. At the same time, Denmark (+2.8%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.8% from 2012-2021. Finland experienced a relatively flat trend pattern. While the share of Denmark (+8.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest filling containers machinery supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was held by Denmark ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Denmark (+4.8% per year) and Finland (-4.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, increasing by 1.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the export price increased by 15% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting 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 (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Filling Containers Machinery Imports

Imports in Scandinavia

In 2021, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 11% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, filling containers machinery imports stood at $X in 2021. Total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.4% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Sweden represented the largest importing country with an import of about X units, which recorded 55% of total imports. Finland (X units) took the second position in the ranking, followed by Denmark (X units) and Norway (X units). All these countries together took near 41% share of total imports. Iceland (X units) followed a long way behind the leaders.

Imports into Sweden increased at an average annual rate of +9.4% from 2012 to 2021. At the same time, Iceland (+27.5%), Norway (+12.3%), Denmark (+4.1%) and Finland (+3.3%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +27.5% from 2012-2021. From 2012 to 2021, the share of Sweden, Iceland and Norway increased by +7.7, +3.2 and +2.4 percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported machinery for filling, closing, sealing, capsuling or labelling containers in Scandinavia, comprising 49% of total imports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total imports. It was followed by Finland, with a 16% share.

In Sweden, filling containers machinery imports expanded at an average annual rate of +4.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (-3.7% per year) and Finland (+3.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, reducing by -4.4% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 29% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 Iceland (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform