Scandinavia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Scandinavia

The Scandinavia x-ray examination preparations market soared to $X in 2022, picking up by 80% against the previous year. Overall, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

X-Ray Examination Preparations Production in Scandinavia

In value terms, x-ray examination preparations production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 211% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

X-Ray Examination Preparations Exports

Exports in Scandinavia

In 2022, shipments abroad of opacifying preparations for x-ray examinations increased by 11% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 76% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, x-ray examination preparations exports totaled $X in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 24% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway dominates exports structure, reaching X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Sweden (X tons), constituting a 7.7% share of total exports.

Norway was also the fastest-growing in terms of the opacifying preparations for x-ray examinations exports, with a CAGR of +8.3% from 2012 to 2022. Sweden (-8.0%) illustrated a downward trend over the same period. While the share of Norway (+22 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-22.3 p.p.) displayed negative dynamics.

In value terms, Norway ($X) remains the largest x-ray examination preparations supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was taken by Sweden ($X), with a 5.3% share of total exports.

In Norway, x-ray examination preparations exports increased at an average annual rate of +11.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, waning by -5.3% against the previous year. In general, the export price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2013 an increase of 103% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.8%).

X-Ray Examination Preparations Imports

Imports in Scandinavia

In 2022, purchases abroad of opacifying preparations for x-ray examinations increased by 11% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of 25%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, x-ray examination preparations imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 18%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Norway represented the largest importer of opacifying preparations for x-ray examinations in Scandinavia, with the volume of imports finishing at X tons, which was approx. 61% of total imports in 2022. Sweden (X tons) ranks second in terms of the total imports with a 28% share, followed by Finland (11%).

From 2012 to 2022, average annual rates of growth with regard to x-ray examination preparations imports into Norway stood at +1.9%. At the same time, Finland (+5.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.8% from 2012-2022. By contrast, Sweden (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway and Finland increased by +18 and +5.7 percentage points, respectively.

In value terms, the largest x-ray examination preparations importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of +1.7%, saw 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 a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, falling by -23% against the previous year. Overall, the import price saw a mild descent. The growth pace was the most rapid in 2013 an increase of 22% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform