Scandinavia: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Scandinavia

In 2021, after three years of growth, there was significant decline in the Scandinavia respiration apparatus market, when its value decreased by -25.8% to $X. In general, consumption, however, showed a temperate expansion. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Respiration Apparatus Production in Scandinavia

In value terms, respiration apparatus production reduced rapidly to $X in 2021 estimated in export price. In general, production, however, posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 139% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Respiration Apparatus Exports

Exports in Scandinavia

In 2021, overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -23% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 159% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, respiration apparatus exports dropped sharply to $X in 2021. Overall, exports, however, enjoyed temperate growth. The growth pace was the most rapid in 2020 when exports increased by 137% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

In 2021, Sweden (X tons) represented the largest exporter of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, making up 62% of total exports. It was distantly followed by Denmark (X tons), comprising a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Denmark (with a CAGR of +4.6%).

In value terms, Sweden ($X) remains the largest respiration apparatus supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was held by Denmark ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +4.8%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, which is down by -9% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, respiration apparatus export price decreased by -27.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 20%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Denmark amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%).

Respiration Apparatus Imports

Imports in Scandinavia

In 2021, overseas purchases of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -7.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 90%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, respiration apparatus imports shrank rapidly to $X in 2021. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

Denmark represented the key importing country with an import of around X tons, which amounted to 46% of total imports. Sweden (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Finland (18%) and Norway (14%).

Denmark was also the fastest-growing in terms of the ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imports, with a CAGR of +13.7% from 2012 to 2021. At the same time, Sweden (+7.0%) and Norway (+5.0%) displayed positive paces of growth. Finland experienced a relatively flat trend pattern. Denmark (+19 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by -2.9% and -15.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of imports in 2021, with a combined 80% share of total imports.

Denmark, with a CAGR of +11.7%, recorded the highest rates of growth with regard to 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

The import price in Scandinavia stood at $X per ton in 2021, dropping by -25.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 35%. The level of import peaked at $X per ton in 2020, and then reduced rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform