Scandinavia: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Scandinavia

The Scandinavia non-numerically controlled sharpening machine market surged to $X in 2022, rising by 34% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +71.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Scandinavia

In value terms, non-numerically controlled sharpening machine production contracted to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Scandinavia

In 2022, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -5.7% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, non-numerically controlled sharpening machine exports contracted to $X in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Sweden (X units) represented roughly 98% of total exports in 2022.

Sweden was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal exports, with a CAGR of +10.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest non-numerically controlled sharpening machine supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +7.7%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, with an increase of 5.6% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2019 an increase of 10% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -2.4% per year.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Scandinavia

In 2022, after four years of growth, there was significant decline in supplies from abroad of non-numerically controlled sharpening machines for working metal, when their volume decreased by -28.8% to X units. Overall, imports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, non-numerically controlled sharpening machine imports fell to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 26%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Sweden (X units) was the key importer of non-numerically controlled sharpening machines for working metal, generating 62% of total imports. It was distantly followed by Finland (X units) and Norway (X units), together making up a 38% share of total imports.

Imports into Sweden increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Norway (+5.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.6% from 2012-2022. By contrast, Finland (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Norway increased by +7.8 and +3.7 percentage points, respectively.

In value terms, the largest non-numerically controlled sharpening machine importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Norway, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, rising by 33% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Norway ($X per unit), while Sweden ($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 (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform