Scandinavia: Machinery For Packing Market 2024

Machinery For Packing Market Size in Scandinavia

The Scandinavia machinery for packing market dropped to $X in 2022, almost unchanged from the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.5% against 2013 indices. Over the period under review, the market hit record highs at $X in 2021, and then dropped modestly in the following year.

Machinery For Packing Production in Scandinavia

In value terms, machinery for packing production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a mild curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Machinery For Packing Exports

Exports in Scandinavia

In 2022, approx. X units of machinery for packing or wrapping were exported in Scandinavia; surging by 4% compared with 2021. Overall, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machinery for packing exports shrank to $X in 2022. In general, exports, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) was the key exporter of machinery for packing or wrapping, making up 67% of total exports. Finland (X units) ranks second in terms of the total exports with a 24% share, followed by Norway (9.3%).

From 2012 to 2022, average annual rates of growth with regard to machinery for packing exports from Sweden stood at -4.4%. At the same time, Norway (+2.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.5% from 2012-2022. By contrast, Finland (-1.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland and Norway increased by +4.4 and +4.1 percentage points, respectively.

In value terms, Sweden ($X) remains the largest machinery for packing supplier in Scandinavia, comprising 60% of total exports. The second position in the ranking was held by Finland ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to -6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-0.6% per year) and Norway (-0.8% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, waning by -15.8% against the previous year. Over the period under review, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.7%), while the other leaders experienced a decline in the export price figures.

Machinery For Packing Imports

Imports in Scandinavia

In 2022, approx. X units of machinery for packing or wrapping were imported in Scandinavia; almost unchanged from 2021 figures. Over the period under review, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, machinery for packing imports dropped modestly to $X in 2022. Overall, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 13% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units) and Finland (X units) represented roughly 69% of total imports in 2022. It was followed by Norway (X units), making up a 31% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +2.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest machinery for packing importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Among the main importing countries, Finland, with a CAGR of -1.7%, 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

The import price in Scandinavia stood at $X per unit in 2022, with a decrease of -3.6% against the previous year. Over the period under review, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2016 when the import price increased by 23% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform