Scandinavia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Scandinavia

The Scandinavia positive displacement pump market surged to $X in 2021, picking up by 25% against the previous year. The market value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Positive Displacement Pump Production in Scandinavia

In value terms, positive displacement pump production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed significant growth. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Positive Displacement Pump Exports

Exports in Scandinavia

In 2021, the amount of positive displacement pumps and hand pumps exported in Scandinavia declined to X units, falling by -7.8% compared with 2020. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 140% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, positive displacement pump exports rose slightly to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% 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 +69.2% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 39%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Denmark dominates exports structure, resulting at X units, which was near 89% of total exports in 2021. It was distantly followed by Sweden (X units), making up a 7.2% share of total exports. Finland (X units) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the positive displacement pumps and hand pumps exports, with a CAGR of +47.1% from 2012 to 2021. At the same time, Finland (+33.2%) and Sweden (+23.9%) displayed positive paces of growth. From 2012 to 2021, the share of Denmark increased by +22 percentage points.

In value terms, Denmark ($X) remains the largest positive displacement pump supplier in Scandinavia, comprising 60% of total exports. The second position in the ranking was held by Sweden ($X), with a 25% share of total exports.

In Denmark, positive displacement pump exports expanded at an average annual rate of +12.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+9.6% per year) and Finland (+1.5% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the export price, however, faced a dramatic contraction. The level of export peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-11.5%), while the other leaders experienced a decline in the export price figures.

Positive Displacement Pump Imports

Imports in Scandinavia

In 2021, approx. X units of positive displacement pumps and hand pumps were imported in Scandinavia; growing by 5.1% on the previous year. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, positive displacement pump imports expanded to $X in 2021. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 76% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

Sweden represented the key importing country with an import of about X units, which reached 53% of total imports. Denmark (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together held approx. 42% share of total imports. Norway (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +19.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest positive displacement pump importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 88% share of total imports.

Among the main importing countries, Sweden, with a CAGR of +11.8%, recorded the highest growth rate of the value of imports, 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, reducing by -2.5% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, positive displacement pump import price decreased by -33.4% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 61%. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+12.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform