Scandinavia: Pile-Driver Market 2024

Pile-Driver Market Size in Scandinavia

The Scandinavia pile-driver market surged to $X in 2021, with an increase of 45% against the previous year. In general, consumption saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Pile-Driver Production in Scandinavia

In value terms, pile-driver production expanded rapidly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, production reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Pile-Driver Exports

Exports in Scandinavia

In 2021, approx. X units of pile-drivers and pile-extractors were exported in Scandinavia; picking up by 151% against 2020 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 240% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, pile-driver exports skyrocketed to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +50.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), Finland (X units) and Denmark (X units) represented roughly 96% of total exports in 2021. Norway (X units) held a relatively small 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 Denmark (with a CAGR of +65.6%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the largest pile-driver supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Sweden ($X), with a 3.4% share of total exports. It was followed by Norway, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in Finland stood at +5.7%. In the other countries, the average annual rates were as follows: Sweden (-2.0% per year) and Norway (-4.6% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, dropping by -41.9% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the export price increased by 54% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Finland (-9.7%), while the other leaders experienced a decline in the export price figures.

Pile-Driver Imports

Imports in Scandinavia

In 2021, the amount of pile-drivers and pile-extractors imported in Scandinavia surged to X units, with an increase of 171% against the previous year's figure. In general, imports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of 337% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, pile-driver imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X units) and Sweden (X units) were the largest importers of pile-drivers and pile-extractors in 2021, finishing at near 44% and 34% of total imports, respectively. Norway (X units) held the next position in the ranking, followed by Finland (X units). All these countries together took near 19% share of total imports. Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +91.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. Denmark and Iceland lagged somewhat behind, together comprising a further 15%.

Iceland, with a CAGR of +126.0%, 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 more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, with an increase of 25% against the previous year. Over the period under review, the import price, however, faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 277% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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 Iceland (+44.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform