Scandinavia: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Scandinavia

After three years of growth, the Scandinavia polishes for coachwork market decreased by -27.5% to $X in 2022. Over the period under review, consumption continues to indicate a slight contraction. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Polishes For Coachwork Production in Scandinavia

In value terms, polishes for coachwork production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 18% against the previous year. The level of production peaked in 2022 and is likely to continue growth in the immediate term.

Polishes For Coachwork Exports

Exports in Scandinavia

In 2022, polishes for coachwork exports in Scandinavia expanded slightly to X tons, increasing by 2.1% against 2021. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, polishes for coachwork exports dropped to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Finland (X tons) and Sweden (X tons) prevails in exports structure, together mixing up 95% of total exports. It was distantly followed by Norway (X tons), comprising a 5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +10.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest polishes for coachwork supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

In terms of the main exporting countries, Finland, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, declining by -13.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($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 (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Polishes For Coachwork Imports

Imports in Scandinavia

After three years of growth, overseas purchases of polishes for coachwork decreased by -11.9% to X tons in 2022. Overall, imports saw a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, polishes for coachwork imports fell significantly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Sweden (X tons) and Norway (X tons) represented the largest importers of polishes for coachwork in Scandinavia, together reaching near 85% of total imports. It was distantly followed by Finland (X tons), creating a 15% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +3.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Norway, with a CAGR of +1.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, shrinking by -12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform