Scandinavia: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Scandinavia

In 2021, the Scandinavia panel display manufacturing machine market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption posted a significant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in Scandinavia

In value terms, panel display manufacturing machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 2,396%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Scandinavia

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -75.2% to X units, falling for the third year in a row after seven years of growth. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by 742%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 5,217% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Norway (X units) was the major exporter of machines for the manufacture of flat panel displays, creating 69% of total exports. It was distantly followed by Sweden (X units), achieving a 28% share of total exports. Denmark (X units) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the machines for the manufacture of flat panel displays exports, with a CAGR of +41.0% from 2012 to 2021. At the same time, Sweden (+27.7%) displayed positive paces of growth. By contrast, Denmark (-44.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and Sweden increased by +68 and +28 percentage points, respectively.

In value terms, Sweden ($X) remains the largest panel display manufacturing machine supplier in Scandinavia, comprising 91% of total exports. The second position in the ranking was taken by Norway ($X), with an 8.3% share of total exports.

In Sweden, panel display manufacturing machine exports increased at an average annual rate of +44.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+43.0% per year) and Denmark (-64.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, falling by -86% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2014 when the export price increased by 531%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020, and then contracted sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while Denmark ($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 (+16.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Scandinavia

In 2021, the amount of machines for the manufacture of flat panel displays imported in Scandinavia dropped to X units, falling by -5.4% against the previous year's figure. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 117% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, panel display manufacturing machine imports surged to $X in 2021. In general, imports, however, saw a perceptible increase. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Norway (X units) and Finland (X units) dominates imports structure, together constituting 87% of total imports. It was distantly followed by Sweden (X units), achieving a 7.3% share of total imports. The following importers - Denmark (X units) and Iceland (X units) - together made up 5.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Finland (with a CAGR of +12.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest panel display manufacturing machine importing markets in Scandinavia were Finland ($X), Sweden ($X) and Denmark ($X), with a combined 98% share of total imports.

Among the main importing countries, Denmark, with a CAGR of +42.2%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, growing by 714% against the previous year. Over the period under review, the import price posted significant growth. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while Norway ($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 (+17.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform