Scandinavia: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Scandinavia

The Scandinavia milling industry machinery market shrank to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in Scandinavia

In value terms, milling industry machinery production contracted to $X in 2022 estimated in export price. Overall, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Milling Industry Machinery Exports

Exports in Scandinavia

In 2022, the amount of milling industry machinery exported in Scandinavia reduced rapidly to X units, waning by X% compared with the previous year's figure. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports plummeted to $X in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X units) represented the major exporter of milling industry machinery, creating X% of total exports. It was distantly followed by Finland (X units) and Norway (X units), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to milling industry machinery exports from Sweden stood at X%. Finland experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland and Norway increased by X and X percentage points, respectively.

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 X%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Scandinavia amounted to $X per unit, declining by X% against the previous year. Overall, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Finland (X%), while the other leaders experienced a decline in the export price figures.

Milling Industry Machinery Imports

Imports in Scandinavia

In 2022, the amount of milling industry machinery imported in Scandinavia contracted modestly to X units, with a decrease of X% compared with the previous year. Overall, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, milling industry machinery imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Norway (X units) and Sweden (X units) dominates imports structure, together making up X% of total imports. It was distantly followed by Finland (X units), comprising a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Finland, with a CAGR of X%, saw 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

In 2022, the import price in Scandinavia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, showed a slight decline. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform