Scandinavia: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Scandinavia

The Scandinavia non-electronic hydro- and hygrometers market shrank markedly to $X in 2021, with a decrease of -21% against the previous year. Over the period under review, consumption recorded a pronounced contraction. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Scandinavia

In value terms, non-electronic hydro- and hygrometers production contracted sharply to $X in 2021 estimated in export price. Overall, production saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 56%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports in Scandinavia

In 2021, overseas shipments of non-electronic hydro-, hygro-, psychrometers increased by 25% to X units, rising for the second consecutive year after two years of decline. Total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +204.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 143%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.1% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X units) and Sweden (X units) dominates exports structure, together making up 94% of total exports. It was distantly followed by Norway (X units), creating a 6.5% 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 Norway (with a CAGR of +17.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Finland ($X) remains the largest non-electronic hydro- and hygrometers supplier in Scandinavia, comprising 91% of total exports. The second position in the ranking was taken by Sweden ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Finland totaled +7.5%. In the other countries, the average annual rates were as follows: Sweden (+6.6% per year) and Norway (+24.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 5.1% against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2019 an increase of 154%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

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 Finland ($X per unit), while Sweden ($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 (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports in Scandinavia

In 2021, supplies from abroad of non-electronic hydro-, hygro-, psychrometers increased by 13% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 36% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 81% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden was the main importer of non-electronic hydro-, hygro-, psychrometers in Scandinavia, with the volume of imports recording X units, which was near 64% of total imports in 2021. Norway (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took near 36% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-electronic hydro- and hygrometers imports into Sweden stood at -6.2%. At the same time, Norway (+1.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +1.5% from 2012-2021. By contrast, Finland (-10.2%) illustrated a downward trend over the same period. Norway (+12 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Sweden saw its share reduced by -5.1% and -7.3% from 2012 to 2021, respectively.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021.

Sweden, with a CAGR of +6.6%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, growing by 4.5% against the previous year. Overall, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 when the import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($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 (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform