Scandinavia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Scandinavia

In 2022, the Scandinavia market for mechanical appliances for projecting, dispersing or spraying decreased by -14.9% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, posted strong growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Scandinavia

In value terms, production of mechanical appliances for projecting, dispersing or spraying dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 168%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Scandinavia

In 2022, approx. X units of mechanical appliances for projecting, dispersing or spraying were exported in Scandinavia; waning by -43.1% against the previous year. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying contracted to $X in 2022. Over the period under review, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by 40%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) represented the key exporter of mechanical appliances for projecting, dispersing or spraying, mixing up 72% of total exports. It was distantly followed by Finland (X units) and Norway (X units), together creating a 28% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mechanical appliances for projecting, dispersing or spraying exports from Sweden stood at -4.9%. At the same time, Finland (+2.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.0% from 2012-2022. By contrast, Norway (-4.4%) illustrated a downward trend over the same period. Finland (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -8.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of exports in 2022.

Finland, with a CAGR of +5.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, jumping by 60% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($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 (+3.1%), while the other leaders experienced a decline in the export price figures.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Scandinavia

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying imported in Scandinavia skyrocketed to X units, increasing by 38% against 2021 figures. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.0% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying rose significantly to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Norway represented the main importing country with an import of around X units, which finished at 55% of total imports. It was distantly followed by Sweden (X units) and Finland (X units), together comprising a 45% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +4.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, shrinking by -20.1% against the previous year. Overall, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2018 an increase of 10%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform