Scandinavia: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Scandinavia

In 2021, the Scandinavia market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -10% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Scandinavia

In value terms, non-electronic liquid or gas measurer production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in Scandinavia

Non-electronic liquid or gas measurer exports amounted to X units in 2021, increasing by 9.7% on the previous year's figure. In general, exports posted a strong expansion. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, non-electronic liquid or gas measurer exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark was the main exporter of non-electronic instruments for measuring or checking variables of liquids or gases in Scandinavia, with the volume of exports recording X units, which was near 79% of total exports in 2021. It was distantly followed by Sweden (X units), creating a 16% share of total exports. Norway (X units) and Finland (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-electronic liquid or gas measurer exports from Denmark stood at +13.2%. At the same time, Norway (+21.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +21.5% from 2012-2021. Sweden experienced a relatively flat trend pattern. By contrast, Finland (-4.9%) illustrated a downward trend over the same period. Denmark (+23 p.p.) and Norway (+2 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Sweden saw its share reduced by -5.7% and -19% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest non-electronic liquid or gas measurer supplier in Scandinavia, comprising 50% of total exports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total exports. It was followed by Norway, with a 21% share.

In Denmark, non-electronic liquid or gas measurer exports increased at an average annual rate of +10.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+2.8% per year) and Norway (+2.8% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 4.5% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by 12% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.0%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in Scandinavia

After two years of growth, overseas purchases of non-electronic instruments for measuring or checking variables of liquids or gases decreased by -1.1% to X units in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 33% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then reduced in the following year.

In value terms, non-electronic liquid or gas measurer imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 19%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Denmark represented the major importing country with an import of about X units, which reached 45% of total imports. Sweden (X units) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Finland (22%) and Norway (8.6%).

Denmark experienced a relatively flat trend pattern with regard to volume of imports of non-electronic instruments for measuring or checking variables of liquids or gases. At the same time, Norway (+8.2%) and Finland (+1.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +8.2% from 2012-2021. By contrast, Sweden (-1.4%) illustrated a downward trend over the same period. While the share of Norway (+4.2 p.p.) and Finland (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-2.8 p.p.) and Sweden (-4.5 p.p.) displayed negative dynamics.

In value terms, the largest non-electronic liquid or gas measurer importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 84% share of total imports. These countries were followed by Finland, which accounted for a further 15%.

Finland, with a CAGR of +3.4%, recorded 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 2021, the import price in Scandinavia amounted to $X per unit, picking up by 9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 when the import price increased by 28%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Finland ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform