Scandinavia: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Scandinavia

In 2021, the Scandinavia wood milling machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Wood Milling Machine Production in Scandinavia

In value terms, wood milling machine production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 323% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Wood Milling Machine Exports

Exports in Scandinavia

In 2021, wood milling machine exports in Scandinavia skyrocketed to X units, rising by 30% on 2020 figures. In general, exports enjoyed moderate growth. The pace of growth was the most pronounced in 2017 when exports increased by 44%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, wood milling machine exports soared to $X in 2021. Over the period under review, exports, however, showed a pronounced shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units) and Denmark (X units) dominates exports structure, together committing 95% of total exports. Finland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +16.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, together comprising 98% of total exports.

Among the main exporting countries, Denmark, with a CAGR of +6.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 123% against the previous year. Over the period under review, the export price, however, saw a deep setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-3.5%), while the other leaders experienced a decline in the export price figures.

Wood Milling Machine Imports

Imports in Scandinavia

In 2021, imports of planing, milling or moulding machines in Scandinavia surged to X units, rising by 37% on the previous year. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.8% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, wood milling machine imports surged to $X in 2021. Overall, imports continue to indicate a slight expansion. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X units) and Sweden (X units) represented roughly 65% of total imports in 2021. Norway (X units) ranks next in terms of the total imports with a 19% share, followed by Finland (15%).

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 86% of total imports.

Denmark, with a CAGR of +9.5%, saw the highest growth rate of 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

In 2021, the import price in Scandinavia amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 86%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform