Scandinavia: Working Wire Machine Market 2024

Working Wire Machine Market Size in Scandinavia

The Scandinavia working wire machine market was estimated at $X in 2021, surging by 3.8% against the previous year. Over the period under review, consumption, however, showed a slight reduction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Working Wire Machine Production in Scandinavia

In value terms, working wire machine production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Working Wire Machine Exports

Exports in Scandinavia

In 2021, approx. X units of machines for working wire were exported in Scandinavia; with an increase of 33% compared with the year before. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 340%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, working wire machine exports skyrocketed to $X in 2021. Overall, exports saw measured growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark was the major exporting country with an export of around X units, which recorded 55% of total exports. It was distantly followed by Sweden (X units) and Norway (X units), together generating a 45% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sweden (with a CAGR of +29.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X) remains the largest working wire machine supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Sweden ($X), with an 8.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark amounted to +2.1%. In the other countries, the average annual rates were as follows: Sweden (+22.2% per year) and Norway (-27.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, jumping by 209% against the previous year. In general, the export price, however, saw a abrupt curtailment. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 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 Denmark ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-4.4%), while the other leaders experienced a decline in the export price figures.

Working Wire Machine Imports

Imports in Scandinavia

In 2021, approx. X units of machines for working wire were imported in Scandinavia; with an increase of 90% on the previous year. In general, imports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of 790% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, working wire machine imports reduced to $X in 2021. Overall, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2018 when imports increased by 119%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway represented the main importer of machines for working wire in Scandinavia, with the volume of imports reaching X units, which was approx. 57% of total imports in 2021. It was distantly followed by Sweden (X units) and Denmark (X units), together achieving a 40% share of total imports. Finland (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) were the countries with the highest levels of imports in 2021, together accounting for 95% of total imports.

Norway, with a CAGR of +73.1%, recorded the highest rates of growth with regard to 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 unit in 2021, declining by -50.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 467% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+14.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform