Scandinavia: Electroplating Machine Market 2025

Electroplating Machine Market Size in Scandinavia

For the third consecutive year, the Scandinavia electroplating machine market recorded decline in sales value, which decreased by -15.1% to $X in 2021. In general, consumption saw a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in Scandinavia

In value terms, electroplating machine production reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electroplating Machine Exports

Exports in Scandinavia

Electroplating machine exports surged to X units in 2021, rising by 238% against the previous year's figure. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 277%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, electroplating machine exports surged to $X in 2021. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 243%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Finland was the key exporting country with an export of about X units, which resulted at 70% of total exports. Sweden (X units) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (5.6%).

Exports from Finland increased at an average annual rate of +26.1% from 2012 to 2021. At the same time, Denmark (+38.3%) and Sweden (+9.2%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +38.3% from 2012-2021. From 2012 to 2021, the share of Finland and Denmark increased by +25 and +4 percentage points, respectively.

In value terms, Finland ($X) remains the largest electroplating machine supplier in Scandinavia, comprising 63% of total exports. The second position in the ranking was taken by Sweden ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Finland stood at +7.8%. In the other countries, the average annual rates were as follows: Sweden (+14.2% per year) and Denmark (+46.7% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, falling by -26.3% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 394%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Electroplating Machine Imports

Imports in Scandinavia

In 2021, overseas purchases of machines for electroplating, electrolysis or electrophoresis increased by 192% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 259%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, electroplating machine imports skyrocketed to $X in 2021. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 253% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Norway was the major importing country with an import of around X units, which amounted to 61% of total imports. It was distantly followed by Iceland (X units), Sweden (X units) and Denmark (X units), together achieving a 36% share of total imports. Finland (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electroplating machine imports into Norway stood at +38.7%. At the same time, Iceland (+72.5%), Denmark (+14.8%) and Sweden (+10.4%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +72.5% from 2012-2021. By contrast, Finland (-1.4%) illustrated a downward trend over the same period. Norway (+37 p.p.) and Iceland (+16 p.p.) significantly strengthened its position in terms of the total imports, while Denmark, Finland and Sweden saw its share reduced by -6.6%, -18.2% and -28.3% from 2012 to 2021, respectively.

In value terms, Norway ($X) constitutes the largest market for imported machines for electroplating, electrolysis or electrophoresis in Scandinavia, comprising 60% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports. It was followed by Iceland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway amounted to +26.7%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+8.5% per year) and Iceland (+51.0% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, dropping by -3.9% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 57%. 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 Denmark ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform