Scandinavia: Non-Domestic Dryer Market 2025

Non-Domestic Dryer Market Size in Scandinavia

In 2021, after two years of decline, there was significant growth in the Scandinavia non-domestic dryer market, when its value increased by 20% to $X. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Domestic Dryer Production in Scandinavia

In value terms, non-domestic dryer production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Non-Domestic Dryer Exports

Exports in Scandinavia

In 2021, overseas shipments of non-domestic dryers decreased by -5.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a mild decline. The pace of growth was the most pronounced in 2018 when exports increased by 26%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, non-domestic dryer exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark was the major exporter of non-domestic dryers in Scandinavia, with the volume of exports recording X units, which was near 74% of total exports in 2021. It was distantly followed by Sweden (X units), making up a 23% share of total exports. Finland (X units) held a minor share of total exports.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of non-domestic dryers. Sweden experienced a relatively flat trend pattern. Finland (-16.9%) illustrated a downward trend over the same period. Denmark (+7.4 p.p.) and Sweden (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -10.5% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest non-domestic dryer supplier in Scandinavia, comprising 69% of total exports. The second position in the ranking was taken by Sweden ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+5.1% per year) and Finland (-17.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, increasing by 58% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, 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 Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.2%), while the other leaders experienced a decline in the export price figures.

Non-Domestic Dryer Imports

Imports in Scandinavia

Non-domestic dryer imports rose notably to X units in 2021, increasing by 9.7% on the previous year. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 70%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, non-domestic dryer imports skyrocketed to $X in 2021. Overall, imports posted perceptible growth. The pace of growth appeared the most rapid in 2017 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Sweden was the key importer of non-domestic dryers in Scandinavia, with the volume of imports amounting to X units, which was near 58% of total imports in 2021. Norway (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (14%) and Finland (8.6%). Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-domestic dryer imports into Sweden stood at +20.4%. At the same time, Iceland (+31.7%), Norway (+2.9%) and Denmark (+2.2%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +31.7% from 2012-2021. By contrast, Finland (-9.6%) illustrated a downward trend over the same period. While the share of Sweden (+39 p.p.) and Iceland (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-5.8 p.p.), Denmark (-6.4 p.p.) and Finland (-28.8 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported non-domestic dryers in Scandinavia, comprising 56% of total imports. The second position in the ranking was held by Norway ($X), with a 15% share of total imports. It was followed by Denmark, with a 13% share.

In Sweden, non-domestic dryer imports increased at an average annual rate of +19.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+1.6% per year) and Denmark (-5.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. The level of import peaked 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 ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform